Just for the sake of argument I would like to ta
Post# of 5282
Just for the sake of argument I would like to take a minute to put this short covering to bed once and for all. Shorty covers at a penny or below. He has been doing it forever. He is cocky and arrogant and he beats a stock down day after day till he gets it low enough to cover. Shorty has not covered this stock at this time because it is too expensive for him to do so. They have never seen a stock like this on. People are holding it and gathering small lots when they can. If cheap shares are offered today they will quietly be picked up. If not from you then I will pick them up myself. They have been putting a few shares out there at $22.00 and this is the same as 11 cents pre split. If you don't like 11 cents you are not paying attention.
So OK for those who still don't get it. When will shorty cover ?? He will not take this stock down and if he were to try to cover right now it would drive the price up and everyone would rush to buy. People buy a stock that is going up and people rush to tell their friends. Shorty has rail car loads of money and he will need it to pay for shares from folks who continue driving the price by holding more shares.
This is what it looks like when shorty is covering
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.