Well here we are with Friday one more time. What m
Post# of 5282
Well here we are with Friday one more time. What mystical magic will we see today ? Level 2 from last night shows someone trying to sell some shares at $24.00 which equates to 12 cents a share pre split. A price people would have run to buy a very short time ago. Sorry but people follow the rules and do not buy a stock that is going down. Those who may be interested in adding shares to what they have will sit and watch and find out if they can go bottom fishing. Those who bought shares expecting to be rich sometime later today will also sit and watch.
Shorty won't be sitting and watching. If I had a short position in this stock I would buy 100 of those shares someone has out there for $24.00 or even less this morning and I would give them to the bid whacker for $10.00. That would be some kind of a slap in the face for management before the shareholders meeting on Monday. We will see what they have to say..
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.