I'm going to get ahead of myself, but we're back to the same old, same old....back to the boring trading we saw for the better part of 5 months from late June thru most of November.
After 5 consecutive days with total volume almost 2 million total up to yesterday....here we are about half way through the trading day with not even 50K changing hands.
Did short selling play a part in driving the PPS down from that new 52 week high of $2.48? No way to know, but of course its possible. The next update will be out Wednesday, and it will be current through to the end of trading tomorrow. So if short selling was used to halt the climb and push the PPS down, then we'll have an indication mid week.
Unless....there's still today and tomorrow, which would leave time for covering.
I do think we're going to see another spike (several in fact) and I would think that....assuming I'm right and it happens, that the next one will take us up in and around the $3 CDN mark.
If it happens I'm gonna loosen my grip on some shares and try to see if I can play the dips and rips.