We need to talk about the short thing one more t
Post# of 5282
We need to talk about the short thing one more time. The question is a simple one. If there are shorted shares of TEVE why then did they not run to cover as soon as the 200 to 1 reverse split was announced ?? The answer to that is also simple. Shortie does not cover at these prices. If a stock were to move up to a higher market and it was ordered that they must cover than and only then do they cover at a high price and it is something to behold. The stock must be beaten down to the sub penny area before covering starts. The short seller is one of the greediest creeps on the face of the earth and will squeeze a penny till it gets down to their price. No one is selling TEVE. The price will not be taken down so shortie can cover. Right now we have a very high ask and a very low bid and that is great. We can wait. When the wait is over the reward will come.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.