Terax Energy (TEXG)

[Andersonisaconman]

Could be shorts covering from higher prices that want to "lock in gains" and remove leverage that short positions can use up.

163,000 today at 45-50 cents. Someone is waking up and smelling the roses and taking their losses perhaps because of the latest press.

Shorts may still think its a zero but could be using up too much buying/shorting power that closing the position may solve.

In other words, If someone is short 50,000 TEXG they only see 50 more cents to make but they may need to keep $100,000 or so of buying power in the account. Whereas they may want to short something else where there is more downside as a % of their frozen capital.

I dont know the exact rules but that could be it.

Wonder how many Anderson sold ?