Working TFC over on small volumes - Their playing again, page-26

He we go again folks. I have been quiet on this HC site for a while. Currently TFC according to shortman is the 7th most shorted stock at 9.25% (back to the record levels for the 3 year period).

Today they managed to get a 4c drop in the SP on a volume of only 120,000. Its fallen below the 10EMA for the 5th day in a row.. We also lost the 50EMA and 100EMA at the same time and MACD is about to turn negative.

Seasonally this is the time of year the shorter's make their play into early December and sometimes into late January. In mid September I was looking to top up my holding by buying in the mid to low 1.30s. I missed out as the SP only got down to 1.41. I think that that opportunity will arise again in the coming months. So be patient good buying opportunities could be coming.

On the shortman site I noticed ACX (another in my portfolio where I earlier sold a portion and am looking to buy back into at a lower price) Is currently the 16th most shorted stock. Back in early August it was only shorted at 1% and is currently shorted to 8%, go and have a looking at the chart of ACX for the last 6 months.

So my sentiment is still at a buy, but not now. Wait

cheers