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Non-Tech : The Children's Beverage Group (TCBG) -- Ignore unavailable to you. Want to Upgrade?


To: Due Diligence who wrote (1359)8/7/1998 7:08:00 PM
From: Sai P. yandamuri  Read Replies (4) | Respond to of 2452
 
Fellow TCBG stock holders, From the NEWS that I gathered, It looks like a Market maker who has shorted this stock heavily at 60 to 70cents price range is TRYING to keep the price DOWN so that he can cover at LOWER PRICES. However, What I heard that he will be given a notice to RETURN all the shares that were borrowed to short within the next few days and he will have NO CHOICE but to COVER and will get SHORT SQEEZED. There are nearly 2 million shares that he shorted.This coupled with other positive NEWS that is expected to comeout from company SHOULD be able to move the price up quickly. Also, I heard TCBG is filing their financials with SEC and making preparations to move to NASDAQ listing. Ofcourse, before this happens stock has to trade atleast $4/share.