Insiders shorting against the box isn't happening, and I have never seen it in any of the stocks I have been inolved in many years. I will go out on a limb, and say the reverse is happening.
As to why people would short "OUR GREAT TPRO", it is really quite simple. We by defintion believe the story, or we would not be in here.Right?
We have rationalized big move up, insiders transactions, lousy quarter, etc, because we are believers. Now, I know some of the shorts, and their rationale is just the opposite. Stock had a big move, insider sales, lousy quarter, lots of volume, liquididity, the news did not mean anything to them.
Have you ever shot craps, bet on a football game, voted Republican or Democratic? There is usually someone on the other side of your bet.
Most of the coins in my pocket are 2 sided.
So, what you have is a group of people who have had no reason to be scared of a big up move, because the stock has been an erratic trader. Two or three lousy days, and they will short more, the reverse is also true.
IF TPRO comes out with some real positive news, and the stock reacts favorably (my view), the shorts will cover wherever , and go on to the next one. |
