K ksonsinc Mar 3, 2006 #11 I think Monday the stock will go higher cause a lot of short squeeze will have to cover it up .
J just21 Mar 3, 2006 #12 I presume that is a one minute chart, so i ttook three minutes to get to the new trading range. Who got some?
I presume that is a one minute chart, so i ttook three minutes to get to the new trading range. Who got some?
T TorontoTrader2 Mar 3, 2006 #13 Keep in mind that RIM trades on the Toronto Exchange (TSX) too. And there is no afterhours trading on the TSX like there is in the USA. So all the shorts on the TSX will have to starting covering at Monday's open! I imagine the arbs will keep the TSX and USA prices in line. So, it could rise further in the USA. As of Feb 28th there were 3,730,823 RIM shares short on the TSX Avg daily volume is 513,157... http://www.canada.com/nationalpost/financialpost/fpmarketdata/short_positions.html
Keep in mind that RIM trades on the Toronto Exchange (TSX) too. And there is no afterhours trading on the TSX like there is in the USA. So all the shorts on the TSX will have to starting covering at Monday's open! I imagine the arbs will keep the TSX and USA prices in line. So, it could rise further in the USA. As of Feb 28th there were 3,730,823 RIM shares short on the TSX Avg daily volume is 513,157... http://www.canada.com/nationalpost/financialpost/fpmarketdata/short_positions.html
L landboy Mar 4, 2006 #14 Quote from TorontoTrader2: Keep in mind that RIM trades on the Toronto Exchange (TSX) too. And there is no afterhours trading on the TSX like there is in the USA. So all the shorts on the TSX will have to starting covering at Monday's open! I imagine the arbs will keep the TSX and USA prices in line. So, it could rise further in the USA. As of Feb 28th there were 3,730,823 RIM shares short on the TSX Avg daily volume is 513,157... http://www.canada.com/nationalpost/financialpost/fpmarketdata/short_positions.html More... If they really wanted to hedge the position going into Monday they'd just buy the US, which I suspect they are doing... Then they can spend the next couple weeks unwinding...
Quote from TorontoTrader2: Keep in mind that RIM trades on the Toronto Exchange (TSX) too. And there is no afterhours trading on the TSX like there is in the USA. So all the shorts on the TSX will have to starting covering at Monday's open! I imagine the arbs will keep the TSX and USA prices in line. So, it could rise further in the USA. As of Feb 28th there were 3,730,823 RIM shares short on the TSX Avg daily volume is 513,157... http://www.canada.com/nationalpost/financialpost/fpmarketdata/short_positions.html More... If they really wanted to hedge the position going into Monday they'd just buy the US, which I suspect they are doing... Then they can spend the next couple weeks unwinding...
