a sad day, page-84

nortiba sneerch - well said 'those who see food left on a skeleton'. You might find in previous posts wugin and his friends are proud of doing just that.

The TIMPB shorters think they are smarter than "Smart Money" who use interactive applications or specially programmed systems. They are able to drive share price down or up automatically in a matter of 1/10 of second. What's more, 'Smart Money' usually short stocks at a higher price and close shorts at the end of the day. Alternatively they go long when the price is low (read an article about hedge and mutual funds quick profiting - can't find now). While share price goes down and the volume goes up, T/A says – ‘shares are going from the weak to stronger hands’ (it might or not be a case in TIM difficult situation).

It would be valuable and expensive lesson for shorters like wugin, if Smart Money decided to drive the price up.

Everything is possible –‘Smart Money” know from HC that many of TIMPB holders shorted TIM within last two days. Those shorts are 'naked shorts' because their TIM shares (the conversion 1:4) do not yet exist. They might be issued in September, if TIM survived. I wonder whether or not there is a date and/or share price tag for shorts.

Cheers NJ