Some folks are chipping away and buying smal
Post# of 5282
Some folks are chipping away and buying small lotsbut most are still talking about the quarterly. That means nothing to me because I will still be here next quarter. If the just do better than last quarter some may get tired of waiting and you could have a chance for cheapies but who knows. What I do know is if they make money you don't get one share at any price. Thankfully I got 40 this week.
While we have some time to wait let me show you how shorty gets out of one of these traps. Let's say the price is 20 cents. After all this is the penny market. Each day the shortman lowers the last by lowering the price. Longs spend money to try to keep the share price up because they know people don't buy going down. While people are pouring money into it shorty spends nothing because he continues to short and says I'll pay you later. If he wants to do a little flipping he let's it go up and people run to buy because they buy on the way up. Then he takes his profit and shorts somemore.
The reason he always wins is he knows where he is going. 0.0001 is his goal when everyone involved has no money left and there is no more to drain he covers at sub penny and moves to the next target making billions along the way.
Well shorty people do not sell Telvue. They hold what they have and should any become available there are people in line to buy before shorty gets a sniff.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.