Whenever UBS buys and borrows shares you cannot tell which way it goes but mostly they short it and then buy back at lower levels. I will wait but I think you could make 20% if you follow them or if cautious like me you just buy them after they have shorted it.
I don't think there are any more investors out there just the same group of players watching and accumulating - I think we are about to see it drop back to $1.40 to support the need for UBS to have borrowed stock.
The FA looks good so I think it has value but really I hate being invested in stocks that UBS are playing with.
TFC Price at posting:
$1.82 Sentiment: None Disclosure: Held