One of the worst things I do is spelling and I thi
Post# of 5282
Posted On: 05/22/2013 5:15:44 AM
One of the worst things I do is spelling and I think a close second would be math. Let me ask the board a question and see if we have any math students out there. Here is the question.
Given a reasonable period of time how much money would it take to buy 10% of the available shares of TelVue on the open market ? Let me start the thought process for you. Let's say they bought 100 shares at $19.00 as are sometimes offered by one market maker. Well that would mean that the last price of the stock would be $19.00. The stock is going up.
People run to buy shares of a stock that is going up. How many would they buy ?? For the most part the next offer of shares on the open market would be $37.50 sometimes and $50.00 other times. Would those offers be withdrawn and the next price be $9800.00 per share. I'm not making these numbers up. I'm just taking them from level 2. I will include the most up to date level 2 here
Now I know if I proposed this question on the site of the dark-side exactly what I would get.
I would get every negative answer in the book. Well if some sold would that not make it cheaper for the person who wished to buy the 10% in the first place.
We could argue till the cows come home about the success or failure of TelVue but the fact is they are still in business. They are still serving their customers. They have planned a meeting.
That's not the question on the table in the first place. How much would it cost. I know the answers I will get over there but what are the answers here ? Will anyone take a minute of their time to try for an answer ?? Am I working on this problem myself ?? We will see. My better 1/2 is asleep and it's time for a three mile run.
Given a reasonable period of time how much money would it take to buy 10% of the available shares of TelVue on the open market ? Let me start the thought process for you. Let's say they bought 100 shares at $19.00 as are sometimes offered by one market maker. Well that would mean that the last price of the stock would be $19.00. The stock is going up.
People run to buy shares of a stock that is going up. How many would they buy ?? For the most part the next offer of shares on the open market would be $37.50 sometimes and $50.00 other times. Would those offers be withdrawn and the next price be $9800.00 per share. I'm not making these numbers up. I'm just taking them from level 2. I will include the most up to date level 2 here
Now I know if I proposed this question on the site of the dark-side exactly what I would get.
I would get every negative answer in the book. Well if some sold would that not make it cheaper for the person who wished to buy the 10% in the first place.
We could argue till the cows come home about the success or failure of TelVue but the fact is they are still in business. They are still serving their customers. They have planned a meeting.
That's not the question on the table in the first place. How much would it cost. I know the answers I will get over there but what are the answers here ? Will anyone take a minute of their time to try for an answer ?? Am I working on this problem myself ?? We will see. My better 1/2 is asleep and it's time for a three mile run.
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Holding TelVue shares has made it the billion dollar bomb shell it is.
There is no limit to the loss of someone has been caught in a short squeeze.
There is no limit to the loss of someone has been caught in a short squeeze.