TGSK STATE OF THE UNION ADDRESS ---- MMMM MADNESS BEGINS!!!!!
I am finally back from my conference. And lo and behold, what have we here???? :) Everything appears ON SCHEDULE!!!!!! I couldn't possibly be happier with what the last 2 days have told us. Let me try to divide this up into thoughts as my excitement would make any sort of undivided commentary utterly confusing.
1. Ain't nobody gettin my bananas anywhere near this price. That was an easy point.
2. Until probably mid-1997, market makers have been shorting and manipulating bb stocks with unfettered enthusiasm. They could control the stock, jerk it around, make profit going up and down, shake people in and out of a stock, deprive small investors of money, and get away with it. Guess what? Playing field has leveled out a bit. :) We now have the internet. How many of you would have left this stock many weeks ago after a couple of yo-yos back and forth? And you probably would have left saying "good riddance", looking for a less volatile stock? Without any access to good information on this stock, without the camaraderie of others to give you strength to hold, and without the exhaustive DD efforts of many, there is no doubt that just 3 years ago the MMs would have controlled this stock from the gitgo and likely controlled it for quite some time (with no threat of getting broken). They would shake the tree at will because so little information about the company would be available. But now the MMs face a new front. A solidarity of shareholders who are confident in their information and DD. And to make matters worse, small investors who can MONITOR TRADING to assess the market conditions. Previously, only MMs or traders had such information. And as we all know, market information helps MMs make a fortune. But now we have access to that information too. Nazz was able to spot Coastal step up. We're able to track volume trading back and forth. We're able to watch for new MMs. And all this helps again reinforce the beliefs of all that this stock has extraordinary value and merit. I didn't understand it at first, but the internet is a powerful new tool against this kind of bb stock manipulation.
3. Coastal has stepped up to the plate and guess who is a-runnin. Gee, what happened to all that phantom volume. Where'd all dem trades go. A personal theory of mine (some have agreed) is that the short MMs have been shorting this stock right up until Wednesday. Even when it began moving to 1.50, they shorted it back down to 1.35 IMO. I personally do not believe ANY covering has occurred until yesterday. If any of the smaller short MMs began covering earlier, then I believe they were buying shares being sold short by other short MMs (from one monkey to another - LOL). So, what I am saying is that I think the shorts really were clinging to their position up to the last second. Then Coastal stepped in. And that combined with NOBODY else selling and extreme buying pressure is finally snapping them. But here's the good part IMO. Based on the real world buying coming in yesterday and today and based on the general downtick in overall volume, I DONT THINK THE SHORTS HAVE COVERED BUT MAYBE 250K SHARES IF EVEN THAT MUCH YET. AND I AM VERY CONFIDENT THE SHORT POSITION IS WELL IN EXCESS OF 2 MILLION SHARES.
4. When the REAL covering begins, the pace should become breathless. Particularly because the savory scent of a short squeeze attracts every predator in the surrounding area. You name it. Momentum traders. Day traders. Other MMs. You and I adding to our position. Because they ALL KNOW THAT THEY HAVE GUARANTEED BUYERS FOR THEIR SHARES AT HIGHER PRICES. A true short squeeze is the easiest money around. So the short MMs will need to buy 2 million shares? Well, as the scent brings in the predators, competition for those shares will become all too keen. Go look at KTEL and EPTC to see what I mean. A short squeeze only attracts more BUYING. :)
5. Yes, I agree with Nazz. Looks like MMs are trying to squirm out of it all day and forced to buy in as the day ends. I guess at this point they are hoping that Mexico goes into a tailspin or something. They will be getting NO help getting out of this from anybody. Time to suck it up Market Monkeys.
6. Great research on the MMs in Jersey City. 5 of them in the same building. And guess what? 10 Exchange Place is exactly 400 feet from 30 Montgomery Street (I pulled it up on Yahoo Maps). And 525 Washington (Blvd. I believe) is 1 mile from 30 Montgomery Street. That's 7 Market Monkeys all working together. Surprise, surprise, huh? Coastal steps in and they suddenly drop out of existence except in the last half-hour of trading. This is what I mean by small investors having the edge. 3 years ago, most of us would never comprehend all this manipulation.
7. Above and beyond any of this, has the fundamental value of TGSK changed????? Hell no!!!! Even at $2, we will still be trading at 6x expected 98 earnings. Give me a #$%@ break.
8. TGSK commercials are hitting the financial airwaves in May. Gee, I guess that means just more buying for us. :)
9. Whatsa gonna happpen when a second and third Coastal-like MM decides to make a market????? :)
10. WE ARE IN NEW TERRITORY. I HATE TO SAY TECHNICAL BREAKOUT JUST YET BUT IF THIS BUYING TREND CONTINUES THERE IS TECHNICALLY NO RESISTANCE AT ALL ABOVE US!!!!!! The previous 1.75 high was meaningless as that was the debut price which was quickly shorted down on no volume. TGSK traded about 200k shares during the first MONTH so any technical analysis for that period is fairly useless. At 1.64, we are basically in unexplored territory. That alone should attract the whole TA crew. The sky's the limit TA-wise. :)
11. The short market monkeys have ALL WEEKEND to sweat out at what price they will have to cover. Oh that just doesn't upset me in the least.
12. When to sell? I don't believe in collusion so I am not about to suggest "we should all sell at X" or "we should all hold out til Y". What I will say is this: the stock is still extraordinarily undervalued, the short squeeze hasn't even really begun at all yet, the longer I hold my shares the higher the MMs will have to go to get'm, I am not about to let the MMs off the hook for a mere "moderate loss". IMO, I have absolutely no reason to sell my shares now or at any point in the near future. I believe 2 million short shares could take upwards of 10-20 million traded shares for the cover to be complete. We still have a lot of volume ahead of us for covering. With momentum trading and other MMs stepping in, the 10-20 million mark once the squeeze begins could occur over several weeks. Personally (and I know I'll take some abuse for this), I believe this short position is so extraordinary that TGSK will be carried to the $8-10 range on the squeeze, if not higher. Just my opinion.
13. I think everyone owes THEMSELVES an applause for their hard work and their faith and belief to stick with TGSK and not panic over the past few weeks with all the manipulation that we know has occurred. I know I thank everyone personally. I believe that faith in this stock has helped us get where we are.
As you can tell, I am strongly encouraged by everything. I don't count out the shorts just yet, just as the monster always makes one last come-back-from-the-dead attempt. The shorts may make one last desperate effort but first, I sure wouldn't want to risk my investment for a .10-.15 gain by selling and hoping to buy back cheaper. And second, doesn't look like Coastal and others are gonna let'm do it anyway. :) I hope everyone has a great weekend!!!!!! I know the TGSK longs will. The shorts will be nauseous. Please feel free to email me at streiter@airmail.net if anyone has questions or comments. CONGRATULATIONS TO ALL THE DIEHARD TSHARKS!!!!!! THIS IS THE BEST THREAD OF INVESTORS EVER!!!!!
Flightlessbird |
