I forgot to take into account the Victoria Day holiday Monday....3 days after the 15th and last day of the month iiroc puts the numbers out....so we've got three days of trading before we know if this was a short attack, and then if it was how big....Thurs/Fri/Tues.
Almost 1.4 million trading, biggest day in the last five years. I don't doubt that some bailed out of fear, or to take profits...or a mix of both. Call it fear based selling, but I don't think it would have happened without a bear attack.....
Same thing happened last year, as mentioned in my SA blog post. In April 2018 after the drop from ~$1.80 CDN $1.30 or so for a loss of over 25%...
Those who bought the fear last year around $1.30 were up 300% by Sept....and more. If those type of gains get repeated in the weeks and months ahead it'll mean a PPS north of $10 CDN....I could handle that.
I need the short number though....
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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