OTCPK:TLSMF - Post by User
Comment by
Specul8ron Oct 09, 2013 11:52pm
150 Views
Post# 21805467
RE:RE:Not 6% purchase?
RE:RE:Not 6% purchase?I'd speculate he bought a truck load of call options before the price spiked, $500Mn worth in fact. At the same time, he could have sold a ton of put options. The price spikes, his calls are worth a ton, the puts he sold are worthless - no risk of having the buyer of his puts make him purchase shares when the market price has moved higher. Also, at the top of the spike, time to buy a ton of puts, in anticipation of the price dropping due to a lack of any compelling reason to pay $13 a share for TLM. Also, there's nothing on the horizon to push the shares higher, as oil is flat and there's a budget impasse on the horizon. If anything, you'll probably have a bunch of short sellers move in, as the market isn't going to support $13 a share, and probably won't support $12, or not much more than $12, in the short term. And the objective is, making money in the short term. If any of this makes sense, Thursday should be a real down day for TLM. Probably a $12.20 for the low sort of a day. Let's see what unfolds.