Shorts realize that the Titanium is going to add huge numbers for VTG starting in 2013. We are talking about roughly $18 million per month in new revenues and that is nearly $60 million per quarter. Shorts don't have much time left to cover and that is why they are busy bashing and also shorting VTG big time on days when Dow plunges like today. Do not be tricked because there is no way shorts can cover this cheap once revenues are reported.
Sentiment: Strong Buy
everyone is sitting here afraid to make a move with thier shares knowing a great Tungsten deal needs to be announced shortly and Titanium drilling results need to exceed as this will make this company explode or implode...
I can assure you that VTG is not the biggest "SHORT" game in town at the moment. Like larrylove said, "balls are large at this point." I say that goes for both shorts and longs. Titanium is the key to this entire deal but since management screwed that deal-up, even when they do get a contract, its has allready shaken confidence in investors (smart ones I might add.) So CHK, you're not in this group. Go ahead and buy 2 or 3 more shares you penny pumper.
Shorts always try to pile on when markets are down and that is what they did today but looks like a rebound day tomorrow and it won't take much to get this stock above $1.88 which could then lead to a breakout to new 52 week highs.