Klondex Mines (KLDX)

[NewBroker1982]

This stock is owned by shorts. Drop was expected today. I got out at open for a profit of .10 cents per share and entered again from 1.30-1.32.. I believe we bounce from here and this area holds for support. Insider Waterton has bought 3.5 million open market shares the last 2 weeks at $1.37. Current holding is over 10%..

There is also 13M plus short shares however they were shorted much high between 2-3 per share. These need to be covered before Q1 filing IMO. By that time the share price will have rebounded and be taking away from the profits.. another note 100M shares held by institutions of the 179M OS. So 13M are short on 80M.. I for one are long on some of those as well as others by the daily trading volume..

The last week we have had daily short of 60%,70%, and 80%.. short deadline for reporting is tomorrow.. if today was another highly shorted day... Tomorrow we could see a nice spike.

Today wasn’t just sell offs. Most of the day the ask was stacked just like they have done every high short day.