Re: I Wonder If the Naked Shorts Today Kept Tyhee From Sky Rocketing
in response to
by
posted on
Jul 09, 2008 05:10AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
TDC is being shorted. Why? Because there is so little volume that the traders can afford to stand on the offer and do so. They don't have much risk if the stock trades 100K shares daily. But, when the volume picks up, the short sellers will cover and get out of the way. What TDC needs is consistent reasonable volume to keep these folks at bay. One of my other JPM's was way down with lack of volume, and recently the volume has kicked in to 5X the average over the past 3 months. Result? Share price is up 40%. Of course Tyhee must provide a reason to attract higher volume.