Money that chart makes it official, TMSH is in a breakout mode!
See the chart below!
I noticed that some people had a large amount of shares for sale on the ASK. IMO I think people will be more likely to buy on the ASK with smaller amounts there than large blocks when the stock is not really moving yet. Again IMO.
And with a large short position that will need to be covered. This is going to move very fast once we hit the .12 or .14 whichever one is the new "SHORT SQUEEZE TRIGGER PRICE". That makes me happy!
TMSH = 11.24 Million Total Shares Shorted
This is a very large short position.
The Accumulation/Distribution has gone up since December which means this stock is close to taking off and I think the FLOAT is almost bought up.
If anyone tries to state the shorts do not exist, then you know they are the ones shorting IMO. You can also see all of the rules and regulations for shorting and naked shorting at the SEC website.
* Approximately 11.24 Million Total Shares Shorted Since November 2009 * Short Squeeze Expected to Begin Above $0.159
The total aggregate number of shares shorted since November 2009 is approximately 11.24 million shares. Approximately 32.48% of daily trading volume is short selling. The SqueezeTrigger price for all TransGlobal Assets (OTCBB:TMSH - News) shares shorted is $0.159. A short squeeze is expected to begin when shares of TMSH close above $0.159.
I would think that the "SHORT SQUEEZE TRIGGER PRICE" is much lower now, probably only about .12! IMO.
Friction Factor calculates if a fair market is being made in the shares of TMSH. 35% of the previous 37 trading days have been positive or bullish-biased and 65% have been negative or bearish-biased.
Can you say unbelievable? What were these people thinking. I am now thinking this is building to become the "Perfect Storm"!
Here is the April SEC Data for Fails to Deliver (Naked Short Sales)
20110401|89366P105|TMSH|6110|TRANSGLOBAL ASSETS INC COM STK|0.15 20110404|89366P105|TMSH|6501|TRANSGLOBAL ASSETS INC COM STK|0.12 20110408|89366P105|TMSH|6851|TRANSGLOBAL ASSETS INC COM STK|0.09 20110411|89366P105|TMSH|5661|TRANSGLOBAL ASSETS INC COM STK|0.09 20110412|89366P105|TMSH|3645|TRANSGLOBAL ASSETS INC COM STK|0.09 20110413|89366P105|TMSH|1208|TRANSGLOBAL ASSETS INC COM STK|0.09 20110414|89366P105|TMSH|4748|TRANSGLOBAL ASSETS INC COM STK|0.07 20110419|89366P105|TMSH|37486|TRANSGLOBAL ASSETS INC COM STK|0.08 20110420|89366P105|TMSH|7075|TRANSGLOBAL ASSETS INC COM STK|0.09 20110421|89366P105|TMSH|6447|TRANSGLOBAL ASSETS INC COM STK|0.08 20110425|89366P105|TMSH|5637|TRANSGLOBAL ASSETS INC COM STK|0.11 20110426|89366P105|TMSH|873|TRANSGLOBAL ASSETS INC COM STK|0.08 20110427|89366P105|TMSH|1000|TRANSGLOBAL ASSETS INC COM STK|0.08 20110428|89366P105|TMSH|1000|TRANSGLOBAL ASSETS INC COM STK|0.07 20110429|89366P105|TMSH|9661|TRANSGLOBAL ASSETS INC COM STK|0.07
Now these Naked Short Shares may have been covered, but I really doubt it because they probably did not figure the company would get any financing at all. Looks like the shorts guessed wrong.
There are a total of 103,903 Naked Shares that were FTDs. This is a definite Red Flag because that means there were shorting and basically have been for a long time and have not bothered to cover the short positions. This will play into the longs hands very shortly.