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$Torchlight Energy Resources(TRCH)$So today is the day. Shorts are seeking the opportunity when people selling off after getting dividend, so they have more room to cover their short or even make profit. What we going to do is not to let the price down today.Starting Monday till merger, they are forced and must be to cover thus, resulting higher short squeeze. By the way, DYODD
$Torchlight Energy Resources(TRCH)$I do think shorts are not going to cover today. Figured out that paying off dividend to borrower will less pain than short squeezed until sky rocket. So 25th is the deal, people will be selling after they have gotten the dividend, hedge fund will drive the price down concurrently to extremely low to take some profit to cover their interest. Let hold at least until the merger , they are forced to cover their short.
$Torchlight Energy Resources(TRCH)$We’re on the same boat. Since already stepping in, if giving upnow, you loss the potential high special dividend too, hold it on!!! Hold till after 24th, u get dividend and shares from newly form merger company.