News Focus
News Focus
Followers 25
Posts 1589
Boards Moderated 0
Alias Born 06/10/2010

Re: Irons3 post# 9308

Monday, 10/25/2010 1:01:28 AM

Monday, October 25, 2010 1:01:28 AM

Post# of 52916
David Tice, a Wall Street notable filed a 13-D showing he purchased over 6.0 million shares in the open market. Purchases as high as $.26 average is about $.22, and now owns over 10%, so the stock restrictions significantly reduce the tradable float. imho. someone suggested these shares might go back into cert. form which would be interesting if over 6.0 million shares needed to be delivered. Nit really sure if this is juts speculation, but PNTV averages about 30% on daily finra shorts, meaning if physical are delivered maybe someone has to fine 1.2 to 1.5 million short shares on a three day call.
I have been trying to find more information on this but so far have not really been able to confirm anything. But no matter what Tice is huge and foretells f big things to come.

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now