So what's going to happen on Tuesday ? For the very first time in a long time there will be shares to buy for shorty without having to short to get them. Since many have perceived the share price to be falling because of Fridays selling there will be more selling on Tuesday. Hopefully it will not be a mad rush to the door to sell as quickly as possible. What would I do if I were short millions of shares of this stock ?? I would buy as many as I could very slowly without driving the price up and then sell them cheaper to take the price down. Shorty has only one trick in his bag. He takes the share price down. He does not mind that in the short term he will lose money selling shares at a lower price. Doing so will stop people from buying. People do not buy a stock that is going down. If the last price at the end of the day is lower then shorty wins for that day. What you must remember with this one it will be impossible for him to take it all the way down. There will be people buying and holding and there are only 55,000 in the float. Since shorty is the only one I know who will be able to buy in one hundred share lots he will be the one controlling the price. If he can get the price very low he will cover at that point. Remember you do not have to buy 100 shares at a time. You can buy as many as you like but it will not print and will not effect the share price. Nothing has changed here. If you are holding this stock when it's over you will be rewarded. If you can not buy please for your own sake hold what you have.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.
