"I can see why someone who is willing to take on the timing risk would go short because the price drop was again predictable in the absence of the SSRA...."
What's interesting is to surmise what would have happened to the PPS if shorts had not piled on...first taking the number of borrowed shares up over 1 million, and then more recently to over 2 million if the numbers from shortdata.ca are accurate.
Was the price drop predictable? To me that's like predicting that someone is going to get wet just before you turn the hose on them...."See, I told ya he he'd get wet".
If shorts get caught in a squeeze they'll be the one getting hosed, to use a somewhat dated Canadian expression.
