GASFRAC Energy Services Inc. GSFVF

Short Squeeze

[d_rr_whalen]

looks like the shorts were squeezed this morning.

[78Spider]

The $265M in assets.  Book value is $4.24 2012 Q4 release is forthcoming. Positive P/E will obviously, add value.   Patent on LPG.  News pending.  CEO?   Rumours?  Pilot project outcomes? Insider’s are buying. Very dangerous to short this stock, with all the above information. I have my eyes set on much more that $2.25. 

[d_rr_whalen]

isn't gelpropane a patent CHEVRON? Chevron gave GASFRAC 5 years to come up with the process to use LPG, before they give others the right to the patent? at least this held true last year, unless things have changed???

[d_rr_whalen]

That was a perfect play today,  squeeze the shorts, they have to cover to limit their losses, this drove the price up, as for the decrease in price, my thoughts are daytraders shorting after the squeeze: true professionals, covered into the close. Now with that out of the way, the price can continue its gradual climb higher.

[bee4u]

Any idea how many shares were short at the beginning of this exercise? Still has to be many out there.

[d_rr_whalen]

I can't see seasoned traders shorting GFS when it's on a uptrend. On Frinday 5 minutes before the close 30,000 shares where sold, my guess it was a amateur short seller anticipating a turn around or a misread on the technicals, support was broken to the down side due to this close sale. My guess would be some traders at an institution saw this and squeezed him, momentum traders got in

[78Spider]

With over 1M shares traded yesterday, without any news, was too much for this stock.  I also think some operators were in the mix to move it down.....for their own agenda.

[BigA!]

You can find the short stats here https://www.iiroc.ca/news/Pages/Short-Sale.aspx As of Jan 21 reoprt date, it looks like the % of total trades that were on short side represented 10% and the percent of total volume short represent 12.5%.