Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NSS - Naked Short Selling
http://www.investopedia.com/terms/n/nakedshorting.asp#axzz1zqMzhrFc
http://en.wikipedia.org/wiki/Naked_short_selling
There is a belief that this is going on here with TECO.
Here is a report referenced earlier that includes TECO.
http://www.buyins.net/releases/index.php?sym=teco&id=290346
This garbage goes on, it sure seems like its going on here, but what matters in the long run is oil coming out of the ground. If that happens those shorts will be getting a MAJOR WEDGIE!
400K+ on the ask .0489
freshcoat, thanks for the PM. I've seen a couple of .045's pop up. Once again volume is the key!
Looks like the volume is up.
Mine goes to 11!
DTL, thanks for the PM. I'm not a paying member, can't PM you. Tomorrow should be verryyy interesting. I'm not convinced that we've shook the shorts yet. If we get big volume, they'll be in trouble. Here's hoping for another breakout!
Near Woosta!
Yeah BaderBob, glad my buddy from MA recommended this one!
Price dips on tiny sells, and doesn't rebound on larger buys, tell you anything? If it dipped on million share volume it would be one thing but on 5K volume?
I just spoke to Mr. Mulshine. He is as advertised here time and again, willing to talk at length about treaty and said pretty much exactly what we've been talking about today. Manipulation is the key word here. If you have patience and buy what these crooks are willing to sell you at these bargain prices you will be rewarded in a very short time. From what I could gather 2-3 weeks we should be in party mode. I can wait that long.
stiflerz28, thanks for the PM. Kinda new here didn't see it at first. This BS is nothing new. Until someone smacks these guys down hard, its going to continue. Many companies ruined by these shenanigans. I don't think it will happen here. TECO will either succeed or fail because of oil, not manipulation. My bets are in place, I'm willing to average lower, still have more ammo. Bring it on.
Stiflerz28,
Look, I'm not against you here! I can't explain it except to say that I've seen it before with penny stocks. Goes on all the time. My belief is that there is good news coming, and coming soon. Naked shorting goes on unpunished in many many places but especially in pennyland. It is criminal, but there is not much effort being put forth to go after the ones doing it. Being invested in companies like this one you have to accept that it comes with the territory. Maybe some day it will be different, but that is the way it is at the moment. I've been adding a little bit at a time here during this dip. That is about all you can do, except just waiting for some news to put an end to this manipulation. I prefer lowering my average.
Heh, no mass exodus, look at the volume.
ASK .0290 362,500
BID .0282 5,000
for about the last hour.
Well generally the desired result of playing these games is to shake out a bunch of shares from panic-struck investors. It sure doesn't seem to be working as the volume at this price, currently .0290 is pretty anemic.
No doubt about it. If things come to fruition though, it'll pop no matter what they pull.
Pretty blatant IMO. Can't continue on with pending news getting closer everyday, I can wait.
Congrats, not my lucky day I guess. I don't think we'll be fretting over fractions of pennies in a month or so.
finally filled my 25K in 3 lots all at .0398. I would have taken some at .0356. :)
My order for 25K @ .04 won't go through!
Thanks for your efforts superfine!!!
Me either, not going to happen anytime soon. Stuck at 9.99 for the foreseeable future.
AMEN allbetson!!
Etrade, if I'm not mistaken $9.95 no matter what you buy.
DTL,
A buy of 2500 shares @ .046 + 9.95 commission = approximately .05 per share. I just hate paying the extra commission, if I can avoid it. I guess if my account had an extra zero or two i wouldn't mind so much. Whether the price is @ .043 or .0465 at the end of the day, it really will be meaningless if they find oil in Texas and / or Belize. Then those who try to manipulate will be trying to undo their wedgies.
coolnapz,
Agreed 100%. We're at a key moment in TECO history. I think everyone knows it, both the longs and the other faction who has been betting against TECO. A couple more weeks should tell the story. I know there are a lot on this board who have been in this for years, I bought my first shares in Febrary just after the runup in January. I like their chances. GO TECO!!!
ORILEY,
I am not in the position to do something like that, nor do I think that attempting to support the PPS of TECO by buying small lots will be fruitful in the near term. TECO will stand on its own or fail on its own. If oil comes out of the ground these fractional penny movements will be a distant memory.
850 * $00.0431 + $9.95 commish = $46.59. Makes sense to me. NOT!
Go TECO!
TECO energy not the same as Treaty energy
http://otcshortreport.com/TECO
Bull, thank you for all your efforts! Greatly appreciated.
Month Production
2011 October 281
2011 November 295
2011 December 180
2012 January 256
2012 February 476
2012 March 286
Average for six months 295.67
February jumped primarily because of one well (Brown Unit), which produced 202 for the month of February.
Schnauser, could you provide a link??