FUN WITH “SHORT” NUMBERS …
Assumptions:
1) Total current short positions: 2 to 2.5 Mil based on fairly recent company info and since no one can disprove, the number to use.
2) Double accounting of all trades on Nasdaq, thus posted volumes have been discounted by 50% for the purpose of this exercise.
3) 1 US$ = 1.50 Can$
Summary of Nasdaq trading activity:
Total shares traded since Dec. 30, 1997 (257 trading days): 2,350,900
Shares traded at or below Can $ 3.00: 1,450,550
Shares traded at or below Can $ 2.25: 952,450
Shares traded at or below Can $ 1.50: 784,650
Shares traded at or below Can $ 0.50: 4,600
ERGO:
The assumption that all short positions have been covered would mean that virtually all buying since Dec. 30, 1997 was done by shorts. Not possible since a very sizable number of shares was bought by myself or people I know.
FACIT:
The vast majority of shorts have not yet covered. Why would I make a statement like this? Simple … Because I spoke to one of them mid last year and was told that neither he nor his cohorts had any intention of covering until the shares hit Can $ 0.50.
Have fun with the numbers and gear your trading accordingly.
Regards
kidl
PS: Looks to me like you and your friends had ample opportunity to sell your l.….y (lovely, lousy, lonely … fill it in any way you wish) 35,000 shares well above your current wish price of US $ 1.00.
PPS: How about a little less BS and a little more DD? Works wonders for your portfolio!
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