Yesterday there were 200 shares ordered at the asking price of $15.00. They were immediately fill with shorted shared as reported by last nights Finra report. What is surprising is neither board has been visited by the idiot who is assigned to tell everyone about why Finra reports are wrong. The simple fact is if the MM had any shares to sell why report anything to Finra. It's 200 shares. Just give the person who ordered the shares what he ordered and move on.
The question arises as to what will happen today. People run to buy a stock that is going up. That may be people who do not now own it but people who own it have not even funded their account. They are watching.
Will there be some who will buy a few hundred and be shorted again ?? Will those who can then start to buy 20 or 30 at a time or since it's Friday will shorty take it down to let you look at a lower price over the weekend. Remember it does not take much to take a price down. All you have to do is sell 100 shares for less even if you have to short them to do it.
The big deal is who cares. This stock let's you relax. If it goes up and people run to buy. OK. If it goes down and becomes cheaper OK. If it stays where it is and the company does it's think then OK. Hold what you have is the key to it all. Add if you can.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.
