Shouldn't we be getting the next short interest report soon for the 2nd 1/2 of December, which will show likely more covering of a few 100K shares?
I sure learned a lot from their money making investment strategy, even with a company I thought it wouldn't work with. Granted TIV has always been notorious in the industry for disseminating grandiose, over-the-top and unachievable PR's, which short sellers prey on, but I sure expected that the cult of loyal, deep pocket, longs/Opus folks would gut up and step up to the plate (buy big?, change "stay the course", other things they should have done?) to prevent TIV from sliding all the way to a buck fifty and staying there. Talking about gutting up and stepping up to the plate, the shorts sure did it in a big way by shorting/selling 1.5 (?) million shares to the Russel Index funds last June, which was right in the midst of rapid fire PR's about 1,000's of BOED's TIV was supposedly producing and ~$150/barrel oil. Boy was that gutsy but in the end it sure turned out to be a brilliant, huge money making ($10 million?) move. And now come May, unless a miracle happens to "change the course", TIV will most likely get kicked off the Russel and those Index funds will unload all those shares which will be bought by the shorts to close out their positions entirely. Brilliant "biz plan", at our long expense. Bummer for us longs but I learned from it. Next time I short too! LOL
Geo
AI
