In Las Vegas They are smart enough to let people w
Post# of 5282
In Las Vegas They are smart enough to let people win once in a very great while. The bells and the whistles go off and everyone in the place is jumping up and down cheering for the one lucky sucker who just won a boat load of money. I'm old enough to remember when the penny market was like that. Years ago you stepped up to the plate and bet your money and if the company was a winner you won big time. More money than you could count. I remember when a guy by the Name of Rudy left Collingdale Pa never to return and when he left he had an armored car following him. In those days selected companies that did not have a chance were shorted. Then shorty figured out that 77 % of start up businesses fail so since the odds were with him he shorted everything. If it looked like a company might make it with the money they got from sale of stock shorty drove the price of the stock down till everyone sold. How do you drive a stock price down ? You buy shares of stock at $30.00 and sell them for $7.60 . No one can stop you. It costs a few bucks but compared to what you make shorting costs nothing.
With the advent of computers these shares are hidden by automatically trading shares between brokers every 13 days so the failure to deliver's never show. This may be too much information for you but here's the deal.
Shorty is beat on Telvue. The only shares he can ever get he must get from you. He has shorted this puppy so much he would never short more. If you don't sell he gets nothing. So I know that your in a hurry. You want to know when he has to buy to cover. I could do that right now but I'm not going to. I could buy 100 at $19.00 and then 100 at $26.00 and the stock would start to rise. You would run like hell to throw money at the stock because it was going up and people buy a stock that is going up. It would go up more and the feeding frenzy would be on.
So why don't I ? Because it is illegal. It's called stock manipulation. You see shorty can take it down and for some unknown reason the SEC does not seem to care. If I took it up it would be an orange jump suit and pink underwear for me because I'm just a little guy and the SEC is not afraid of me. Well guess what ? I'm not afraid of the SEC because everything I do is legal. What should you be doing ? I don't know. What I'm doing is holding what I have and putting in low ball bids around $14.00 and sometimes getting filled. That way shorty does not get them.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.