Two reasons Titan Medical's PPS has dropped the last few days
Good news as I just contacted again to borrow some of my shares. What does this mean. This means some people have shorted Titan and might be getting bought in. This is positive for us. The last time I was contacted about something like this Titan did the second financing that closed on Wednesday. This is positive news as it further explains much of the downward the pressure on the share price. If they cannot get a borrow they will forced to buy back in at the market and hopefully move the price up.
Also, the sudden sell off was an end of month clean up – this is a fact. Now that this selling is done I expect this to either re-consolidate here and build a nice base like it was doing at $2 - $2.20 or pop back to that range fairly quickly, base and then begin to move again. This was very good volume two days in a row and shows me how the sellers wanted or needed to get out to settle their positions out or flatten out their margin for month end.
I am very comfortable and bought today.
Long and strong
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