66Mustang..I can only speak from experience..
The truthful answer is there are many reasons why a stock goes into a buy program.Not a buy to cover as you know,but a shuffling of shares.I can not say with 110% certain what the reasoning is but is more than likely has to do with the funds allocated to get the amount of shares through maintaining the monies put up for the transaction.
Could a short investor with 2 million shares put the word out *since TMDI does not trade options....that it will agree to sell the 2 million short for xx amount to a long investor? Wall Street dudes are very quiet as to their ins and outs of swapping shares.You read next to no articles on the subject.
In the past from my experience,I have seen companies trade for days in a tight range boring pattern with a penny spread for the entire trading days without any news at all.Same reason you see matched printed trades at 4:02 pm that show up on the tape reflecting a million or millions that were traded that day.Trading today is 99% machines/marketmakers....
I wish I knew more on the subject with factual proof.Sorry.
RealMongo......
The short reply to without sounding poochy is this.If you think you are helping the stock rise with trading shares go right ahead.Just don't think you will be respected here by others that are not. Kinda like biting the hand that feeds you in a sense.
Or the old saying....Loving someone is never having to say you are sorry!.........Let that one sink in....
Peace Roll......
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