Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

There are certainly several possible scenarios , alexyba

Just for information's sake , it would be great if the SEC would eventually mandate daily short interest reporting. It would perhaps help them to monitor FTD problems in many stocks more closely , and it would be interesting for us to be able to see more precisely when and how much short covering was taking place relative to various events.

For instance , in the current timeframe the short interest report which just came out and the next one out will be bracketing a period which includes not only some of the current short covering due simply to the move up in TIV's price , but also whatever 'deal' might be worked out , if any , between Index Fund buyers and Short Sellers on Reconstitution Day itself.

It would be pretty cool if we could see those as discrete events.

I agree with you that what's going on now is probably a mix of three things:

(1) 'loosely indexed' funds buying ahead of Recon. Day because their internal rules allow them to do so. They attempt to mirror the various Russell Indexes but they don't have to buy shares in every company and per specific weighted percentages. I think they can pick and choose (SA12 , correct me if I'm wrong) and they might well pick an energy company with some good prospects being PR'd and having a significant short interest , and

(2) Some amount of short covering by 'smaller' short-side swingtraders who might have their own fairly tight rules regarding stop losses , just like many long-side traders have , as well as any of the bigger , more persistent shorts (shorts in at higher prices than the current PPS) who are unsure as to just what TIV might have up its collective sleeves , and

(3) Normal buying on the long side by those anticipating a nice boost on Recon. Day and ultimate confirmation of TIV's PR'd numbers.

I agree with your gamesmanship comment.

Let's see what kind of finish we have to this week! The combined buying interest has for the first time in a great while been strong enough to surge TIV solidly past the resistance in the $8'ish area (heck , TIV gapped up over most of it lol) and then quickly well into the area around low $9's where we've encountered resistance in the past.

JMO

jonesie