At least a couple of hundred million shares have p
Post# of 39368
At least a couple of hundred million shares have probably been naked short sold on TECO this year, and there had to be at least that much last year.
This is not the work of a couple of million dollar hedge funds like I originally thought. This is the work of some funds with at least 50 million or so in assets behind them and TECO is definitely not their only victim.
The market pricing for TECO is completely unreliable right now because it's not an honest market. If they went after this stock with 5 million in air shares dumped into bid they could take it down into trips. However, the market cap would definitely be at odds with the book value, intrinsic value, or even liquidation value.
Said another way, the market is now at a point where it is feeding us crap information. The reason I as a trader focus on price data is because I make the assumption that there is a free market. This isn't a free market on the stock. To drive the point home, the bears did a 2500 share bid whack in the last minute of trading just to score a lower print.
If the market is feeding us crap information then it's more important to focus on a more reliable and unbiased source of information. That to me is the TRRC oil production and disposition data. It comes out slower and on a time delay but the bears can't fudge that data and at least there is another party aside from Treaty reviewing the information.
All that matters is oil production and that takes time. I can wait months if not years for bpd to climb because I'm looking for a 20-50 fold return on this investment.