Post by
Ahkenahmed2 on Jan 29, 2015 11:04am
Covering continues ..
Third day now that the pps is being "managed" to cover the Dundee/shittybank short. All one has to do is a comparison on trades of other quality CDN dividend bearing shares for activity PGF for instance, has had a consistently small bid to ask ratio and price rises, such as today.
LRE has seen exactly opposite...bid builds but stalls and waits for sell side to stack. This is classic trading house brotherhood and a carefully managed walkdown to both accumulate and cover.
Yes LRE has debt but equally, it can be managed. With so many other obvious less favorable condition companies out there to short, I would not want to be short this one. Perhaps if it were $3 or more, yes, but as I posted previous, $1 or less and yer taking yer chances.
Especially iIf this article is a peek into how fast things can change, https://rt.com/op-edge/226719-empire-saudi-usa-king-obama/
stay frosty.
Comment by
groupguru on Jan 29, 2015 11:20am
Yes, I don't see too much potential in shorting LRE - I think it's holding pretty nicely today considering the plunging oil price, other stocks, Oil and Banks are getting beatten up a lot worse than LRE