Some interesting thoughts . . .
1. Our highest CLOSE was actually 2.46. Even though we did breach the $3 mark that day, the actual CLOSE was 2.46. We are currently trading at 2.17 on the ask. Remembering that we are now ex-dividend, that 2.17 technically is a 2.27. Soooooo, including the dividend, we are about .16 off of our all-time high close. That is, we are knocking on the door.
2. Volume during the recent run from 1.50 to 2.17 (2.27) has been extrememly light. It is very, very, very, very unlikely that this run has been any type of short covering at all. It is very likely a lot of real world, retail buying in anticipation of SEC approval and 2Q eps.
3. Why are we going up? Because hardly ANYBODY would sell just before 2Q eps and SEC approval. With nobody selling and a number of people buying in anticipation of earnings, this run is making it VERY, VERY, VERY difficult for shorters to continue their negative pressure.
4. We closed the end of the month pretty high (above 1.90). Which means the shorters' trading wallets for the month of July are not nearly as fat. Which means they cannot bleed out another million shares short as easily this time or their house of cards will fold completely. Remember they cannot short naked like they have forever. And as long as buying continues to come in they dig their hole deeper and deeper.
5. Did somebody miss the importance of Bob Moody on our side? The Moody's own 70% of ANAT, giving their FAMILY an approximate market cap of 2.1 billion dollars. LOL I hope people begin to understand what the addition of Bob Moody means to TGSK.
6. When we hit Edgar, a whole new universe of people are opened up to TGSK. New brokers, new institutions, new investors, many will find TGSK much more enticing when it is voluntarily reporting. And gee, I guess the poor shorters are going to have to sell to all of these NEW investors too. How long can a shorter short before he loses his shorts. LOL
7. Even despite ALL the above, from a fundamental vantage point, TGSK is so far undervalued it is scary. Even if we stick with its current .31 eps estimate for 1998, the stock is at a PE of less than 7. Fundamentals will win the day. Even at a conservative PE of 10, the stock should be at $3.10. Even at a MEDIOCRE PE of 20, the stock should be at $6.20. At a PE equal to TGSK's growth rate of 35-40%, the stock should be at . . . you get the picture. PSR is currently under 1. In no way can anyone define TGSK except to say that it is EXTREMELY undervalued. Colin has repeated this many times. Bob Moody has stated this.
8. The only thing I find sad in all this is how loudly I screamed at 1.50-1.60 that this was not going to last long and now all those people who didn't buy then, have to pay 50% more and get 50% less stock. So, I am going to say this again, WHEN THIS STOCK CRUISES PAST $3, $4, AND $5, DON'T SAY I DIDN'T TELL YOU SO WHEN IT WAS AROUND $2!!!!!!!
9. Many of you are new and don't remember the days when TGSK was slung back and forth between .80 and 1.50. It was painful. But each time the shorters flung her back, it was more and more difficult to keep her down. I am seeing the same pattern now. Each time TGSK was brought under 1.75, it was harder and harder to keep her down. And eventually TGSK popped from 1.35 to $3 before. Now we have 2Q eps and SEC approval coming soon. This pop should be louder, more explosive and one from which the shorters just might not recover from again. Remember Cardshark's words that when other MMs sense blood, they will feed on their own. When the shorters capitulate, not only will you and I make them pay in blood, so will the other MMs.
|
