The last time the stock was in the $1.90 range, it went from $1.90 to about $25 (a 13-bagger) in literally one year! Just sayin'. This thing can move darn fast. Especially with such a huge short interest. =)
Short interest has grown by several million shares in the past 2-3 months. They made a tidy little profit pushing it down. But with a year like this, they just might want to take those profits and go home, just like the flip side are pushing tax loss sales. When the tax loss sellers go home next week, the shorts are going to look to cover and lock in those profits. That spells out a nice little short squeeze. =)
Picked up another 5k shares today.
I warned you shorts... this thing is going to be a wild ride. I am not saying that its going to be a 13x bagger but it is going to be a multi-bagger. When it moves it will be violent. Today proves my point.
I agree Ski. My point wasnt that its going to be a 13 bagger... just that IT WILL BE A x-BAGGER. 3? 4? 5? 6? who knows... but it will get their and as history has shown several times with this very stock, it tends to happen in a very short time horizon (few months).
In the last 3-4 trading days, the stock is up more than 25%. Like I have said many times before, this thing is a wild bucking bull. I would not want to ride this beast as a short seller.
FYI folks. According to Ned Davis Research's "seasonality chart" for TC, Jan is "THE" month you want to own this stock. It has outperformed 4 of the last 6 years in Jan. Just sayin'. There is 1 positive. =)
Nice little jump 20 mins ago with a 100k share trade. Volume showing a modest pick up. I wonder if its folks starting (STARTING) to close out their shorts to go home for Christmas/NYE?
I didn't think this stock ever traded in the $1.90's I realize they are weekly averages, but the lowest Google shows is $2.70 around Dec 5th and then the stock peaked at just under $15. I believe the all-time low was $2.44 with an all-time low close of $2.70 (Before Perron). Then a high close in July '09 of $14.75. Still a 5.5 bagger, but not 13. Of course the price of Moly spiked then too.
Pho, I am talking about "back in the day" it did that spike. Look at June 2006 to October 2007. The precise numbers are:
June 19 2006: $ 1.74
Oct 22, 2007: $25.65
I am NOT saying that it will do that again... my point is that, IMO, this thing is currently spring loaded and when it unleashes it will move violently and wicked fast!!!
TX, wow. I just looked at the LVS charts going back to 2009. WOW WOW WOW. At it's low point in early 2009 it was at $1.75. Now that stock is trading at almost $78. That's a 43-bagger if held on to it. Kicking yourself for getting out earlier? Dont sweat it... its never a bad thing to take a profit. =)
It did it before. But you are right... who knows?!?!?! I do firmly believe that this thing far more of a "broken stock" than it is a "broken company". There is a huge difference! It did make a 13-bagger move in 16 month period before. Anything can happen with this puppy.