There were 2 days when the most shorting happened - 2/8 and 2/19. The general rules state that settlment should be done within T+3 days. The price hovered between 1.33-1.50 on 2/8. The most volumes were traded (shorted) were probably around $1.45. Considering even a 7day covering cycle, the shorts would have tried to cover by 2/17. The price actually went up to appx 1.60, and thus I am thinking that many of those actually covered before 2/17. Most of them probably
Then the next huge shorting was on 2/19. Appx 6.5M shorted. The biggest shorting happened right around 1.10 to .90. See the chart for yourself: http://www.google.com/finance?q=OTC%3ATSHO
Now, if we assume that the shortes of 2/8 were more or less out by 2/19 (I wish I could get that confirmation from some one), these 2/19 shorters would like to cover in 3 days (that is by 2/24) or max in 7 days (by 3/2/2010). If the 1.33-1.50 shorters are out, what we are left is 1.10 to 0.90 shorters, and so, these guys would try very very hard to take the stock down, and book profits. And the chances are, it wont. Why? Because the company is no more a fantasy, a wish, but is actually real. And if this goes past 1.20-1.25, I think we can start seeing the panic getting in. The panic would be big time if it can cross 1.4 by say 2/23 (just a day before the settlement of shorted stocks happen). That's when it can rocket. Thus wait for a week, and if it goes our way, this could become suddenly huge.
But, I think we folks HAVE to hold this tight, and not allow this to fall below $1.00. I hope Skymark is doing its part with their bigger clients too.
PS: I may be completely wrong in my analysis. I am not saying I have a complete grasp on this stuff, but just some food for thought. The wiser in this group are free to correct me. That's the whole of point of this club, isnt it?
I am still looking for the below data. Anyone please?
1. How can we know at what various prices were the shorts executed? 2. How can we know how many of these shorts were covered. I did come across a website- http://www.shortsqueeze.com. But, shaa.. its paid. And I didnt sign up.
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