Post by
sam2100 on Apr 17, 2021 4:22pm
Short Positons April 16
Two weeks ago Cielo was the 7th most shorted stock on the CSE.
During the last two weeks it's move to the 4th most shorted stock on the CSE.
This most likely explains why the CMC stock rally was negated with all of the good news last week.
Also, means that a serious short squeeze is possible.
Click on the CSE button;
https://shortdata.ca/largest-short-positions/
Sam
Comment by
vitalina2233 on Apr 17, 2021 5:37pm
Sounds good sam BUT in order to get a short squeeze going which is what we need we have to weed out the penny flippers and that's quite the task. People dont see the potential here so they settle for a few hundred. Once a short squeeze is in place it will rocket because the fundementals are all there Papi
Comment by
sam2100 on Apr 17, 2021 5:58pm
Hey Papi, I agree, that's why we're likely range bound until the desulphurization is a full go. Sam
Comment by
sam2100 on Apr 17, 2021 6:12pm
Also, personally I believe that the CMC stock price is doing very well considering that it launched from 8 cents to $1.29 (closing prices) and it's staying in the 90 cent range, after the incredible initial run. I think that we're undervalued at this price but it will still take some time to shake out the sellers, after the incredible initial run. Sam
Comment by
Freedom1966 on Apr 17, 2021 10:22pm
Yes I see the great potential with this company almost a to good to be true scenario ....is it a guarantee nope but what is ,do I believe it will go and the share price will go above 10 by this time next year ,,,absolutely do