Tasr

Remember Presstek and Iomega?

 

With 14 million shares outstanding ( 9.3 million float ) looks like we now have a market cap of:

$1.2 Billion

 

i like the action for my short.

average price at 86.

it's going to be like falling off a cliff. IMHO

 

This won't be an easy short. Better have some big cash reserves on the line in order to end this trade successfully.

 

i agree. that i have. good luck to the shorts.

 

Sh*t yes ;-) This thing is a monster.

riskarb

 

Great move to the downside ina matter of a few minutes. When this thing really blows up it will be great, assuming you are short or have a few puts.

 

Normally not, but indicative of a dramatic rise in option(implied) volty on TASR. For good reason, the stat-volty in the shares has exploded as well. Options are priced in volatility-terms.

I've seen stocks rally and puts increase in value(stock falls/calls rally). The option players are attempting to find a fair value for the implied volty line, and they're following the stat-volty here -- hence the recent rise in implied volty which has exceeded stat-volty.

riskarb

 

Yes, but with a supercharged bungee cord. Better get ready to cover before all the other short slobs.

 

Nice intraday sell off in Tasr. Hope, there is no one out with a overnight long position in TASR these days.