Let's think about TelVue this way for once. Let's say for some reason you found yourself in need of some shares you mistakenly sold and now must have them back. I know what you would do if you were shorty and it was another issue. You would grab some shares for as cheap as you can and sell them even cheaper. The cheaper the better. Keep taking it down till the suckers have to sell. Once you get it down to $0.0001 you don't have to worry anymore. You got everyone's money and away you go to the next robbery.
Well they tried that with TelVue and at one time took it down to $5.00 which is 2 1/2 cents pre split.
The idea , of course, is to get you to sell quickly and dump as many as you can. They even have a name for the chumps running to sell. They call it a fire sale. Only 55,000 shares available here in total so that type of fire sale won't happen. I begged for you to try to pick up the $19.00 shares because they were so cheap. I didn't ask you to spring for $37.00 or $50.00. All I ask was for you to pick up the cheapies and you did not. You laughed and went about your business.
Well now I see shorty going after the shares at $19.00 and using them against you to get you to sell by going the other way. They will take it up for a bit and shake the trees and see what falls out. If you just can't help yourself and you have to sell a few just go ahead. You will learn soon enough how dumb that was. I may not be smart but I do have experience.
HOLD EVERY SHARE AS IF YOUR LIFE DEPENDED ON IT. MAKE THEM COME TO YOU AND DON'T LET THEM OFF THE HOOK CHEAP.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.
