<<... there is a significant short position >> Sorry, wishful thinking. According to the latest short statistics, the total short position in this stock is about 1/6 of the average daily trading volume, which means the whole short position could be covered in about an hour or so of a typical day. There's something else ailing this stock, and it isn't the "short position", where it's traded[it's traded as a foreign security on NASDAQ:NHMCF, as well as Vancouver, so that explodes the "visibility" myth, and in the pantheon of Canadian exchanges Vancouver is every bit as "visible" as Toronto, ask any serious Canadian player], or any of the other effete excuses that have been trotted out from time to time to explain the lack of price appreciation. As far as "..repeated news" well, you can only say "Hey, we're doing great" so many times before the word "hype" starts getting tossed around by people who are tired of hearing "Hey, we're doing great" and post a subroutine in their subconscious to make a point of ignoring anything more that might be said. It'll be fun to find out just what the "...weasel in the woodpile*" turns out to be; it's in there, somewhere.
* [no weasels were harmed during the casting of this gratuitous aspersion.] |
