Short selling isn't depressing TECO. They try, but look at the 5 day weekly results.
Monday 5/21/12 Shorts 8.50% Price .042-.045
Tuesday 5/22/12 Shorts 16.21% Price .042-.0463
Wednesday 5/23/12 Shorts 5.6% Price .0427-.0463
Thursday 5/24/12 Shorts 19.46% Price 042-.052
Friday 5/25/12 Shorts 34.25% Price .042-.044 and closed .0438
Thus even when there is lots of shorting the stock and even 34.25% of sales are shorts, those of us who believe in TECO have been able to add to our positions and keep the stock at about .044 so it hasn't fallen further.
We know the value is far more than the present price per share.
And this is all without having the SEC filings that are overdue or fresh drilling reports. Sure we'd like them, but this is a whale of a buying opportunity.
We have our leases. We have our own rigs to drill in both US and Belize. The North Dakota and Kansas plays are going gangbusters. Even if we ran out of places to drill on our own Texas leases, our rigs could be hired out to others for fees and a piece of their action whether in Texas or other states.
TECO has tremendous potential. That's why penny stock traders appear to be TECO investors. They know they can speculate by trading in TECO, but risk reducing their position when TECO jumps and know in the long run they can make more for themselves by investing and holding TECO while trading other stocks to satisfy their gambling instincts.
