RE:Any idea why all the selling todayTwo points I know:
| T : TMM |
2016-12-15 |
376,326 |
-3,060,920 |
355,628,602 |
0.11 |
Short interest went way down by Dec 15.
TMM has fresh warrants so that those with them can short the stock and have their downside capped by the price of the warrants. Shorting most other sector names would have much more potential downside.
TGZ is a stronger performer since the financing because the billionaire has been buying hand over fist and because no warrants have been attached. As well, all the shares he has been buying are not being flipped for trivial profits, so they are effectively off the market.
January news should drive a serious bid.