Quipt Home Medical Corp T.QIPT

Looks like a short covering rally?

[besttobe]

The question is: is this a fake buy signal to suck in retial (increase volume) before bringing the price back down again before finishing covering. 

or

Does it signal that shorts have or are finishing covering regardless of price?

Price action today should answer this question. 

There were 4 million shares short between the OTC and TSX.V on April 15th- thats alot of shorts to cover given the low volume. 

IMO

[besttobe]

Sorry: should have read : There were 4 million shares short between the OTC and TSX.V on (April 1st)- thats alot of shorts to cover given the low volume.  Short report for the 15th should be be posted soon. 

[besttobe]

I should add, that most of the shorting was done when the S/P was $2.45. So they are still in the money. 

[Trademark11]

Agreed B2B.  Thank you

[besttobe]

Trademark...your call of $2.10 low was bang on. I think it will hold. 

[Trademark11]

Agreed,  was concerned though, ...the institutionals are, I believe, trying to swing this down close to the double top pivot of 1.88.  It would irrationally go down thereafter to 1.15-1.25 potentially and break the 13 month channel, according to my measurements.  Contrarily,my measurements say that if it holds above 2.25 by tomorrow's close it should retest 2.46 shortly, (which

[besttobe]

I think you are pretty band on. I think they tried to break $2.00 but the buying pressure from newbies/traders/long top up, held it up. I do think $2.45 will be hard to break without news, and will likley attract the short/warrants again. Rinse and repeat....scenario . I know I sound repetitive, but it is repetitive until the expiry date. .   So I will start selling some when it hits 2

[besttobe]

Sorry meant : If their shorts are (remove not )in the money they will cover on the open market and keep the warrant. 

[besttobe]

Appears the question below highlighted is the trend for today. My average price on the buy, is now $2.11. Unless it goes below that again, I will not buy more. I have enough shares for now. I have been accused in the past for not disclosing my buys and avg price I bought at, to be held accountable. So I showed my buys and the logic I used to make my buys. I have also disclosed my sell options. So