Post by
tamaracktop on Dec 28, 2023 4:07pm
I have a different take on it
Yesterday was the last day for tax-loss selling in Canada.
It was the last day to trade stocks and have the trades settle in the 2023 calendar year.
What you're seeing today is short covering.
By holding off until today to cover their positions, the shorts have deferred having to pay taxes on their gains until 16 months from now
Comment by
QuantumTime on Dec 28, 2023 5:11pm
Good point TT but probably only part of it because as you know the prospect of imminent news and the stars finally all gradually aligning for this company also drives a short squeeze. Shorts here are IMO going to be worked over either way.
Comment by
Flyer47 on Dec 28, 2023 6:04pm
I think there is sme buying going on as some think the end of year selling has bottomed out.
Comment by
Swindlesheets on Dec 28, 2023 4:37pm
Do you expect short selling to begin anew tomarrow?
Comment by
Pandora on Dec 28, 2023 5:03pm
So is SEA electric actually a major competitor to Exro?