News Focus
News Focus
icon url

tarballmonger

09/21/18 1:11 PM

#46001 RE: tothe #45996

No disrespect intended, but:

Shorts are getting squeezed out now that we have attracted the Canadians.

What is that supposed to mean? The Canadians selling their converted shares is a short sellers dream, NOT a squeeze. If you meant to refer to when the Canadian deal was first announced, that squeeze lasted about an hour. If you by any chance mean that the current buying interest is Canadian (?) then they are new buyers and NOT shorts who are covering... and besides...

the highest short position was 40K reported in March

This is ancient history and an insignificant size that was in all probability a balancing error by one of the MMs and was corrected immediately.

and besides... The massive amounts of shares for sale and the increasing reported OS count is pretty good evidence that debentures are being converted and the shares immediately offered for sale. I don't have a clue (just guesses) who the buyers in here are, but just take a look at TLRY over the last week and you can see the damage that uncontrolled, uninformed, and lack of DD exuberant buying can result in.

Further opinion about technicals - which make up a significant part of the TAR model- is that they are easily manipulated in the pennies. If I'm sitting with boatloads of shares to sell, what better way to attract buyers to take my shares off my hands than to nudge the price up to where it looks like a breakout is coming, and thereby attract speculative buying. Then "KABOOM!" Just remember that in the end, fundamentals can be a techs best friend.

GLTY