Posted On: 06/18/2014 12:02:37 PM
Post# of 96891
Re: PowerPuncher #4788
PowerPuncher Nice Post! A must Read if you did not already
I think the tide maybe turning, Shorts made $120,000 per million shares as PowerPuncher states in his previous post!
Now, Even though everyone that is long usually dislikes SHORTS, they are trying to make money as well!
So put yourself in their shoes now, NTEK went down to the high .03s and bounced back hugely to the high .05's
So I do not think that Shorts are going to try and loose money by selling to drive the price down that low ever again!
The fact is that many of the shorts know that this stock is trading so low because of their actions. Which means that they can take their money they made and buy shares at a hugely discounted Price
Shorts, become longs very often. remember they are trying to make money, so it seems the long is the profitable position now!
I think the tide maybe turning, Shorts made $120,000 per million shares as PowerPuncher states in his previous post!
Now, Even though everyone that is long usually dislikes SHORTS, they are trying to make money as well!
So put yourself in their shoes now, NTEK went down to the high .03s and bounced back hugely to the high .05's
So I do not think that Shorts are going to try and loose money by selling to drive the price down that low ever again!
The fact is that many of the shorts know that this stock is trading so low because of their actions. Which means that they can take their money they made and buy shares at a hugely discounted Price
Shorts, become longs very often. remember they are trying to make money, so it seems the long is the profitable position now!
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