Let’s start the morning off with “So where does this leave me as an investor”? I hoped that at this point everyone has realized the stock is a two way street. It is a game of cover your shorts along with how much money can this company make ? Owning a stock that has been heavily shorted and on the verge of a break through in the cash department makes this a perfect storm. There are many people who wish to buy shares but who wish to pay a cheaper price. Good luck with that. In my opinion people who bid whack to buy cheaper shares most times help shorty. When a price drops a bit so shorty can sell shorted shares for less people stop buying.
If you don’t have it in your head by now that shorty controls you mind then your in the wrong place and should be buying GE. To smooth out bumps in the road bids should be placed up from 30 on up to pretty close to the ask so if someone is foolish enough to want to part with a few you will be there to buy. There will be people who will stop buying the moment the price declines even a bit. That’s on them and expected human nature. Always remember the rules. The goal her is as it has always been. Nothing has changed even a little bit. The quarter will come in tomorrow and we will have more purists on board who believe the only way a stock can win is if it makes money. Or than again they may not believe this quarter was better than last and wish to wait 45 more days till the next quarter is in. Even if the purists don’t join us we will have all of shorty people still intact.
Yes you have guessed it. What I’m saying is now that you understand that this is a short squeeze I want everyone to start bid whacking and trying to buy as many shares as shorty will sell. “But isn’t that against what you have said all along” ?? NO !! There is a time to plant and a time to harvest. I will do the best I can to help you understand which is which.
Many of you do not think social security will be here for you. Telvue will be here. Whatever you pay now to gather shares for your retirement will seem cheap enough to be laughable in the very near future. With movement to a higher market and institutions willing and ready to buy the dividends and the splits will come. For those of you who live from hand to mouth you can make a buck or two but you can’t do it with scared money.
Remember the rules. Rule number 1. People do not buy a stock that is going down. Rule number 2. People rush to buy a stock that is going up and rush to tell their neighbors. Rule number 3. NO ONE EVER SELLS TEVE. GO TELVUE.
If spelling is your thing I think that's great. At my age it's not a priority.