For a very long time I have been searching for t
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For a very long time I have been searching for the next one. As everyone knows I have always though that this next quarter would be the one to bring in a bit of buying from some of the deep pockets folks who are following this stock. Making a profit is , of course, the answer but trying to balance staying on top of technology and making a profit has been shown to be tough. Every shareholders meeting I scream a bit louder than the last that "You need to make a profit". I will say each quarter is a bit better but none the less it will be necessary to turn that corner if we are to go farther. So as each quarter goes by and as we get closer to that profit and see more buying we will be closer to a covering of shorted shares.
First let me make one thing straight. If it is a penny stock it is shorted. Anyone who will tell you there are no shorts is a bare faced lier. Every time a new penny stock comes along they fight over who will short it the most. If it looks as if a stock has a chance to make it they bring out the 10baggers and the xcountry and trash like gabeh. Once those who have shorted this stock find that we are not going to sell and that we are willing to wait for a profit so the price will go higher still must then decide when to cover. So I keep saying could be soon and I keep looking for the next stock to work with and there is none. There are thousands of companies in the penny market but none exactly like this one.
As everyone knows it is difficult to find an exact number of shares that have been shorted on any stock but if you have not been watching since the beginning it is tough to tell anything. Then there is Gerry Lenfest. Find me another stock that has a Gerry. Without Gerry in the mix this puppy would have been dead on arrival. So I guess here is the deal. When this one is making everyone a ton of money I think I will really retire this time. Let someone else find the next one.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.