I will say this one more time and I will type slowly so everyone gets it. If I or anyone else were to bid $12.00 for 100 shares I would be filled right now. Shorty would give me 100 shorted shares and he would be happy too because the end result would be the last price would be down from $15.00. It's like killing a person and thinking I might just as well kill everyone. They can do no more to me for shorting more. Besides it is the only thing shorty knows how to do. Shorty is so deep in this one he has to know there is no way out. I have been preaching forever to buy and hold and I want everyone to take a wild guess who it was who told me at the time I was wrong and how it would never work.
Please do not say something is not working just because you do not understand it. If you bid small lots for less money you take out the trash. If someone has a few and wants to get out you are there to benefit. Please understand that the price of your bid does not matter. If you offer $500.00 per share and there are shares available for $10.00 then the shares are yours for $10.00. Right now the asking price is $19.00 and you want your bids to be lower unless you just want the shares. Offers for over 100 shares will be shorted at this time. When there are hundreds of people beating down the doors for this stock (and that is going to happen) then they will not be able to short and will have to join the crowd and buy. Please do not tell me what is or is not working because you do not understand it.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.
