Twin Butte Energy Ltd TBTEF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Too many consective closes at the bid price

[PUNJABI]

So you shorted the shot at $2.97. I do not recall the stock hitting $2.97 & I checked the data & to reconfirm. The rebound so far had been to $1.96 once at open & one intra-day high. I know very few shares traded at that price of $1.96. Very few by chance could have sold or shorted the stock even at the price of $2.96.

When you short  a stock you do not forget your cost price. Even discount broker systems will give you the cost of price of sale/ purcahse.

I have nothing against investors shorting a stock. If anyone is convinced that the stock is going down short it & make money. Short sellers at times put pressure on the share price.  But they eventually become support for the stock when they buy to cover. At times they  help the share price to recover very fast in a short squeeze.

Short sellers can destroy a stock when the company has serious fundamental issues. For small seasonal issues or a few misses / missteps does not make a strong case for short selling. Serious short sellers are better informed with deep pockets & lot of patience.

Sometimes shorting is used for hedging.

Shorting TBE before Fin results around $2.50 was a smart call.

Recent Close Prices - TBE

Price/volumes not adjusted for restructures

Date	Ex	Sym	Open	High	Low	Close	Chg	Vol	#Tr	Bid	Ask
2014-05-29	T	TBE	1.93	1.93	1.89	1.91		866,131	811	1.91	1.92
2014-05-28	T	TBE	1.94	1.94	1.90	1.91	-0.01	635,359	1,599	1.91	1.92
2014-05-27	T	TBE	1.96	1.96	1.92	1.92	-0.02	2,326,071	1,449	1.92	1.93
2014-05-26	T	TBE	1.94	1.96	1.92	1.94	0.02	2,282,666	1,729	1.94	1.95
2014-05-23	T	TBE	1.90	1.94	1.88	1.92	0.05	3,424,248	2,730	1.92	1.93
2014-05-22	T	TBE	1.85	1.88	1.83	1.87	0.04	2,118,767	1,417	1.87	1.88
2014-05-21	T	TBE	1.84	1.85	1.82	1.83	0.01	2,443,633	1,805	1.83	1.84
2014-05-20	T	TBE	1.84	1.87	1.82	1.82	0.01	3,419,893	2,481	1.82	1.84
2014-05-16	T	TBE	1.83	1.83	1.79	1.81		6,358,903	2,103	1.81	1.82