Happy Canada Day to all.

Today IIROC published their latest report on the short trading activities that took place on HPQ during the last two weeks (June 16, 2020, to June 30, 2020)

From the data, it could be said that short activity decrease during that period, since during the last two week, the net short actions decreased by 537,010 (from 4,890,910 to 4,353,900), but the reality is that predatory short traders actually increased the size of their bets against HPQ, going from $794,311 to $943,011 an increase of $148,700.

Other interesting information from the report is the fact the average short selling price was $0.217.

Looking at the trade workstation for the period, you realize that all the predatory short activity must have occurred between June 24 and June 30, as the 10,978,871 shares traded between June 16 and 23 were done at an average price of $0.186 while the 16,819,857 shares traded between June 24 and June 30 were done at the average price of $0.228...

Looking at the trading, it clear that June 24 was a pivotal day.  It was on that day that HPQ shares re-tested and broke the $0.20 high created before, the previous pivot point I talk about in my previous post, and everything from, a technical trading standpoint, was lining up for HPQ share price to really appreciate.

On June 25, the predatory short traders, afraid that the HPQ stock was going to run, decided to act and stop that from happening. 

For their plan to work, they needed 1) to break the FOMO cycle and 2) instil fear in the mind of long investors that if they did not sell now, they would miss their one opportunity to recoup capital that was sleeping for a long time...

So, that is most probably then that they double down on their short bets…

Having sold short enough shares (close to the entire short sale on the latest IIROC report I believe), on the 25, to break the momentum, (break the FOMO greed), the predatory short seller now needed to instil fear in the mind of long investors…

To do that, just as I predicted in my previous post, HPQ became the subject of an even more active disinformation campaign on social media to discredit what HPQ share price was doing and what HPQ is doing...

Just on cue, on the morning of June 26, (at 7:48 Am) a new poster (basher) alias “JamesRKirk” appeared on Stockhouse predicting that “This is going to go down big time today, watch it …”

This post was then followed by a series of other posters claiming to have sold their position, waiting for the price to correct to buy back, etc...

My goal with this post is presenting to investors with what I am seeing when I look at market trading and the IIROC report.  It is clear that we have a group of predatory short traders playing our stock, but I also believe that if we continue doing what we are doing, they will move on to other targets.

Hope this information is helpful.

Regards,

Bernard Tourillon
President and CEO