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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Interesting short position Shytshow

Interesting short position Shytshow

posted on Jun 19, 2009 06:10AM

Thanks for the info Shytshow.---This shows why the buy volume was so high lately.---Now with that many shorts covering, the sellers must have been other people selling the shares that they picked up in the financing, without actually shorting.----I noticed that there were also 4 million older short positions also covered.----Now the question will be, which side will dry up first, the sellers or the buyers?----If the new short position is correct, then we should see a lowering of both the bid and ask side, IMO, unless there are still many that want to get rid of their shares picked up in the financing, which would drop the price closer to the $.90 mark.----CHEERS!!!

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