Replies to post #1363 on Telkonet Inc (fka TKO)

[colormixer2001]

Holy crap soo close to three now

[WinOneGipper]

You're probably right... short covering is a big influence in pushing volume and price up today. Short positions are down 14.56% from last month (~600,000 shares). We need to get through the 200 day MA of $3.10 to make this a real turnaround rally.

Here's the October update detail just released:


Shares Short 3,615,350
Days to Cover (Short Ratio) 18.3
Short % of Float 8.77 %
Shares Short - Prior 4,231,659
Short % Increase / Decrease -14.56 %
Squeeze Ranking™ -68
% from 52-Wk HIGH ( 5.23 ) -78.50 %
% from 52-Wk LOW ( 1.65 ) 43.69 %
% from 200-Day MA ( 3.10 ) -5.80 %
% from 50-Day MA ( 2.77 )
5.46 %
Price % Change (52-Wk) -42.10 %
Trading Volume - Today 459,700
Trading Volume - Average 197,725
Trading Volume Vs. Avg. 232.49 %
Total Shares - Float 41,210,000
Total Shares - Outstanding 50,849,942
% Held by Insiders 13.77 %
% Held by Institutions 14.00 %
Market Cap 148,990,333
EPS -0.44
PE Ratio
Sector: Technology
Industry: Information Technology Services
SI Record Date 2006-Oct
Data Provided Without Warranty

From: http://www.shortsqueeze.com/index.php?symbol=tko

[gorgeouslonglegs]

Isaiah,
I think this could well be true, but I know Briefing.com follows this stock also, so that repport could have triggered the daytraders from Briefing.com to come over.

I do feel we probably had a few shorts covering today also, but I personally feel word is getting out about the GE meeting next week and maybe people are buying the sizzle and not the sausage. I don`t know if that saying is the same over there, I think you use buy on the rumour, sell on the news.

Obviously there is also a lot more news to come out but appears to be being talked about openly now, i.e. Homeland Security, the Time share, Earthlink, now released, EDS as and when and I am pleasantly surrised that TKO is doing everything it set out to do and promised, albeit as normal, not to the dates originally told, but nonetheless, it is happening.

All have a good weekend and I`ll be pleased if it closes at $2.93 or above and hopefully a bit more sizzle next week, but I agree, whilst the volume is here, TKO need to announce further PR early next week whilst this stock is on the radar re volume.

I think mid November will be excellent, as we should have some news out prior to earnings on the 10th Nov and GE hopefully announced by mid November as well, coupled with the shorts interest to announce around then as well, i.e. falling and gives the stock a much needed boost.

Hope this helps,

Christine x