Post by
Daytrader1959 on Nov 06, 2020 4:10pm
Wait and see
As weed stocks are now back on traders radar after USA election we will see some interest and moves. FIRE has over 11 million held by shorts so when this starts to move up it will be some fast moves as shorts try to cover!
Comment by
Greenman519 on Nov 06, 2020 4:37pm
Shorts had 11 million last report as of November 1st and that number was trending down. FIRE on the Canadian side has traded more volume than that in the past 5 days and SPRWF has traded close to that on the US side. I wouldnt be surprised if MMCAP was behind some of the shorting and been covering in the past few days leading into earnings next week...
Comment by
theTransporter on Nov 06, 2020 5:03pm
I don't think MMCap was involved as if it were true, they would have to publicly disclose their transactions as they are considered an insider since the debenture finance restructuring.
Comment by
theTransporter on Nov 06, 2020 5:00pm
What makes you think that the shorts haven't already started to cover within the 6.7M volume on the TSE today and 4.5M volume on the OTC today? All for a measily $0.015 gain. Good chance you won't see a short squeeze here.