Yeah, the most telling thing with the chart is that the price...

Yeah, the most telling thing with the chart is that the price really only collapsed after the short sellers accumulated the majority of their position.

In other words we ran out of buyers, when the buyers come back in (and when the shorts close their position) boy is there going to be some upward pressure (well at least I hope)!!!

The only thing that I can't get to the bottom of is why the shorts have come in, I have been told many reasons such as:
1. To cover a position in another stock.
2. Bet on a capital raise to make a profit
3. Bet against coal,
4. Bet against the project getting off the ground...,,,

If 1. Then who the hell knows when they will cover- could be in a years time. Hopefully it is against 2,3&4 - this way if it looks like going the wrong way then we have short covering- they have to buy on market- checkout the last time there was a run on the stock and how quickly the price shot up!!!! We hope and prey!!!


Good luck all- also I hear that EIG is really getting behind the stock....

This may explain the buying on the tsx... Lets see what happens overnight.... Not long to go now, 41 days till EQ1....