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Message: Naked Shorts face action in US but what about Canada?

Re: Naked Shorts face action in US but what about Canada?

posted on Sep 25, 2008 09:20AM

All, thanks for your input.

Looking at the price action last two days:

Somebody, a strong hand, are interested in keeping these levels and even lower and are capable of keeping the price in check. I does not look like unloading, but just a waiting for another opportunity for punch it down at the next soft market.

1) It looks like we either have a big bunch of short positions that still need to cover.

Or I see another reasons:

2) If it is an "stealth action", combined with an offer to Tyhee to raise more money in near future (2-4 months). If so it is an illegal action according to JP.

Do you know when Tyhee need to raise more money? and do you know if Thyee has any future financial arrangements in place already?

I remember something like that they do need for more cash at the end of year 2008.

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