I get Seeking Alpha Pro articles and there is not an article slamming or even mentioning Remark Media on SA Pro that has been posted in the last 30 days. The short sellers are in a bind and they are pulling out all the stops to try to get the price lower here so they are trying to shake out the weak hands to cover what they can as low as they can. KanKan release will likely be next week and shorts have to find some way to cover over 225,000 shares of a stock that trades only 25k shares per day. Plus, if MARK does another convertible where the CEO's investment co takes down a big piece of the offering, that will be very bullish for the stock and could push us back up over $5 for good.
If the Remark raise is a CEO funded convertible like two of the last three, this stock will rally over $5 in short order. Today's deal with Siteminder should remind investors that one of the biggest pieces of the Remark puzzle is just getting off the ground - roomlia will eventually be the biggest part of Remark. Remark is very cheap right now
The short interest released after the market closed today was 383,558 shares. If the company announces some kind of affiliation with one of the bigger players like PCLN or EXPE, the shorts are going to get hammered pretty hard.
The hot money chasing the next buyout target in the online travel space will be flowing to TZOO this week. If a higher bid for Orbitz is not announced by Tuesday morning, look for many funds and traders to leave a few cents for the arbs and move their capital to TZOO and AWAY. TZOO is the least risky because of its historical low and ridiculous valuation.
Will be interesting to see if we take out $10.67 on Tueaday morning. TZOO should be on the radar of many who trade on TA. The double bottom and breakout on large bottom will bring many others to the game and the short sellers are still heavy into this one.