Post by
visionaryfool on Oct 20, 2016 4:10pm
Could some shorts be covering for profits?
Would make sense. 2.19M volume traded on US side... could this be another bull trap? We had one recently where the stock price hit $7.70ish CAD for one day and then fell like a rock. On no news... this sounds like either someone found out something on the inside (insider buying maybe?) or a short just taking some profits... a pretty significant short.
Comment by
PROtrading on Oct 20, 2016 4:14pm
Yes, could be. Could be the US shorts saying, these little fn Canadian shorts, let's teach them a lesson! ;-) LOL I'm trying to find any clues here that would justify this. RIght now, it's unexplained, like so much around this thing. May the CEO took the "don't let me down" music seriously? ;-) LOL
Comment by
visionaryfool on Oct 20, 2016 4:22pm
I would pay to see MT re-enact that music video haha :D
Comment by
smallshort on Oct 20, 2016 6:45pm
Seems to me a technical rally with possible short traders covering state side? We'll likely get some momentum players running this up tomorrow. the charts and some TA indicators turned positive but I would not buy until we hear real news. Rumours will only be good bull bait and short seller food.