Exro Technologies Inc T.EXRO

Looks Like

[jboom70]

A nice bear trap has formed. Not a 100%, but Citadel, Morgan and someone under Anon dumping chunks that I would assume is short.

Got balls to short here after that drop and under Fin.

[Moemoney42]

I think what we're seeing is the actions of the bought deal of "market stablization" in motion QUOTE: "In addition, Exro has granted to the underwriters an option, exercisable at any time, in whole or in part, for a period of 30 days following the closing of the offering, to purchase up to an additional 1,640,700 units (or the components thereof) at the issue price to cover

[jboom70]

Yep, pointed that out yesterday. If the market didn't turn down I'm sure we would be at or above the $1.60 mark right now. Dumping your holdings today was pointless and by the end of Q1 most on here will have forgotten all about this. I have market the details on my calendar.

[Iseneschal]

I beg to differ.......Legal Shorting would drive a stock share price up!....try using your imagination and think the opposite.... JMHO ; )

[jboom70]

How does that work?

[jboom70]

A short borrows existing share and sells them into the market exaggerating the sell side. In other words the stock goes down not up.

[Iseneschal]

I'm not going to say you're wrong....but you're not exactly right.... Here is my reason: Regulations on Short Selling Short selling was synonymous with the "uptick rule" for almost 70 years in the United States. Implemented by the SEC in 1938, the rule required every short sale transaction to be entered into at a price that was higher than the previous traded

[jboom70]

Yep but the uptick rule is no longer in effect anymore. P.S. It didn't work for shorts ie. MM's

[jboom70]

Now a days they can dump in thew morning cover when it levels off then reload and dump again. It's ramped on the TSX with the low volume stocks.

[Bookworm28]

I think it's still in effect, on the TSX, but it really doesn't matter whether it is or not, especially with computer trading. The short seller's algorithm simply buys a board lot at the ask, then continues to dump... rinse/repeat. The house always has an advantage, and they ain't going to give it up anytime soon. GLTA.

[Bookworm28]

Natural gas just went up 46%. The biggest 1 day gain on record. Reason, a short squeeze. Gotta love the short squeeze. Maybe the reddit gang can help us out tomorrow ;-) Not a very big float, and the price is dirt cheap.