Check this out....
For the time period 1/1/09 to 1/15/09 there were roughly 110,000 shares of TOVC traded and settled.....
For the same time period, the published short position for TOVC increased from 71,780 shares to 185,400 shares....an increase of 113,620 short shares.....
...Which means that ALMOST ALL of the shares bought during that 2 week time period were sold to the buyers by a short....
....What does that mean...longs are holding onto their shares and that as the stock price approaches the $1.40 to $1.50 levels, the short player will throw shares at it to keep it from breaking through what is most likely an averaged in short level in the $1.50 to $2.00 range...Knight Equities has been the market maker controlling the spread on TOVC almost every day during the last month...there is a short position connected to Knight....at some point that position will have to be unwound....how big is the naked short position....?? dont know but there is one....
I tip my hat to the Torvec team and wish them well at the shareholders meeting tomorrow night....
