Last week, Chris Damas of the BCMI Reportpublished a list of the top 20 TSX short positions for January 31. Damas has been putting the list out every two weeks or so since the end of December, and his intention is “to discern potential candidates for purchase or sale.”
As he explains in the first iteration of the list, knowing which companies have a ”large short position relative to the public float and daily trading volume” is useful because a a big short position “is often a sign unexpectedly good news or a general market upswing could boost the stock more than expected.” On the flip side, it can also indicate that “investors know there are undisclosed problems at a company, or that disclosed problems could get worse.”
Damas’ most recent list includes five gold companies; here, Gold Investing News takes a look at those companies, commenting on what they’ve been up to lately and if they’ve seen significant share price movement since the list was released.
Osisko Mining — short: 43,056,301
Osisko Mining (TSX:OSK) has been................
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In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
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