Monday, August 12, 2019 11:00:10 AM
the only reasonable conclusion I can come to is that holders are squeezing tight....the only time volumes spike up over 100K+ seems to be in tandem with times of increased short selling. Even a few hundred thousand trading is anemic for a stock with over 200 million shares out, and today we've got just less than 10K trading so far as I type this....
Yesterday less than 50K traded across all Canadian trading platforms, both lit and dark pools. That would need to quadruple just to reach the anemic level...reasonable volume imo would be up around 2 million p/day.
I don't doubt we'll see volumes in the millions once results come out....and a massive move for the PPS, either up or down depending on success or failure.
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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