Diamonds & Specialty Minerals Summary for July 17, 2014
2014-07-17 19:52 ET - Market Summary
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Will
wrt to Dominion Diamond
any thoughts on the possible relation of the four million shares to the 4M share short position? They were placed somewhere around here +/-
Relatively good news seems to be piling up to no effect with the shorts. Does anyone else see difficulty in covering that volume with further good news on Ekati and the Jay pipe plans?
Posted by Borson at 2014-07-18 11:28
I noticed that, but I cannot fathom any connection between the two.
Mathematically, a short seller would "cast" negative votes, since they don't actually own shares, they owe them.
Short sellers "borrow" stock from those that own shares, usually without the owners ever knowing that.
The buyers of the short shares would presumably be happy, since they have just become shareholders.
Regards,
Will
Posted by Will Purcell at 2014-07-18 17:42
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