Alys, evidently management was using margin for capital to finance their new lifestyles. None of them are O.J. types, their ship just hadn't quite docked. No one has accused them of anything criminal, at least not lately. They were just incredibly shortsighted to jeopardize themselves and their shareholders when staring at an S-3 with no floor. Any manipulation has been by the 'Gang of S-3' to the downside, Herzog had to dip into his 'not held' supply today to cover a 30,000 and 50,000 share short. A market-on-close buy would even have given us an uptick finish. The game is to drive the stock down without having to actually short anything (because if it's short it's sold and there is no participation on the upside). If the Gang of S-3 has to short 80,000 shares a day until February 27 they're dead meat, vultures eat vultures. It's a logistics thing.
My 'trader's sense' tells me the crisis is about over. Every pro I talk to is giving us a hard look and some are licking their chops. TCLN is so almighty oversold that the upside could be like a slingshot and they plan to be along for the ride.
The rumors I am hearing are rich but I expected that. It would be a matter of course for TCLN to come out with a blockbuster announcement after management has been margined out of 200,000 shares (like now). Any of the wild cards, or others, I mentioned earlier today could tip the scales, especially if they are the scales of justice.
This company is not going out of business. Any buy at this price plus or minus has a great future. Buy $2,000 worth and put it in your child/grandchild's Roth IRA. His education will be paid for. |
