I had a conversation with my rep D.B. @ Skymark yesterday, just now able to post. Here’s the cliffs notes version:
Q: What was Skymark’s take on the short selling last week? A: Very disturbed by it. Especially Timothy Sykes, who employs bunch of computer folks that bash stocks. Since 2/1, been 6.5MM shares sold short (which is higher now after the last 2 days). He went on to say that Skymark has been forwarded some of the erroneous and blatant lies posted by Sykes and others about Skymark and TSHO. He requested that as these continue to be posted, be sure to provide to Skymark…
Q: If there’s no feedback about the success of this 1st test week, people could begin to dump shares, particularly during the “go dark” period, which combined with the prowling shorts, makes periodic communication key during this time. What is TSHO doing to address this? A: TSHO will post some information on their website (which we know from 2/19 PR). In addition, due to the late PR on Friday 2/19, the Skymark analysts contacted TSHO regarding giving more timely PR’s in the future. (personally I think they were busy firming up times and the “PR” was less important).
Q: What’s the latest on timing of next pick? A: He is still told right around the corner. Was told end of Feb (not much time left for that), so more likely early March.
Q: What are the odds realistically in your mind that the next pick is in alternative energy? A: That’s what he’s been told, but doesn’t know for sure. Sometimes analysts will say it is sector X, then change it @ last minute to get subscribers off their scent.
Q: Are Skymark/ESR picks always based on stocks that had coverage initiated on them previously? A: Yes.
Q: Is next pick release waiting until TSHO is more stable (after 2 test periods for example)? A: This could be. Might be a factor.
Hope this helps in your due diligence.
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