BCAM UPDATE .... PLEASE READ, EXPLAINS THINGS.....especially my curiosity about why shorters would pick THIS stock when there are so many better ones to short.
1) First off, TMEX is a bit upset because Strauss was not able to meet with him... that the CEO had to go out of town. It IS possible that his out-of-town meeting was a TAD more important.....just a thought.
2) Most importantly, info from an unexpected source, said that there are still some shareholders who had some converted shares that they are selling into rallies. That is combined with some that are shorting.
He also said that if TMEX really pumped up the volume, the converted shares would be gone and then the shorts would get squeezed! We'll see if TMEX helps out here..... he got this info just like I did.
THIS EXPLAINS WHY THE STOCK HAS NOT GONE UP....I think this took TMEX by surprise as it did me, but we are almost over the hump. If either TMEX suggest a major BUY or a few weeks pass, the PR FIRM will work it's magic.
The sourcce also said this:
"It should be at least a few weeks to go, but good news and/or higher volumes could bring an end to the selling. The POP upward will be
much higher on BCAM since there are shorts involved.
SO, unless you just have to SELL IN 24-48 HRS., HOLD TIGHT! You will be rewarded just like those of us in IFLW, DGIV, TGSK, DCHT, etc..... this is a great stock with lots of potential.
NOW WE KNOW WHY THE RALLIES HAVE FIZZLED, so why would anyone short this stock... I mean it trades in a narrow range?
Folks, the ONLY reason the shorters are attracted here is that they are mimicking the action of the COnverted shareholders that are selling into the rally. They follow the same pattern. When the stock goes up 3/8 of a point, they short it heavy with TONS of money. Then the buy back.... when the stock rallies again up to 1-1/2, they short again to 1-1/4 and buy back to cover.
They don't make much spread, but they are so certian of the pattern, that they invest tons of $$$ short.
Now is where it gets interesting, if lots of buying comes in, especially on good news and the stock being sold by the converted shareholders dries up, the SHORTS WILL GET SQUEEZED BIG TIME...they know it and that is why they bash so hard on the Yahoo thread.
I hope you'll hang in.... TMEX can immediately save the day with a major BUY recommendation. IF he does this could go to $3.00 in a heartbeat...if not, it will take a bit longer to get there.
THE NEW PR FIRM WILL WORK MAGIC...just you wait!
PS-- I do not want to reveal the source of the above info.....he can if he likes....but I immediately believed it when I heard it....nothing else explained the selling into the rallies...now I understand.
PS- one reason I am also holding is that I feel this stock has great support at 1-1/8 and when it does GO, it will be a $3-5.00 |
