Posted On: 11/27/2012 1:50:13 PM
Post# of 4018
I feel that the credibility of this poster on ye ole SIRG board should be addressed.
mystocks24hours
Sunday, November 25, 2012 3:05:33 PM
Re: Atw post# 19894
Post # of 19994
Shorted 2m shares @$0.008/9
No plan to cover
I don't know who he is but his claim is very highly false. Some of you may have shorted a stock under $1 and are aware of the margin requirements. I tried to short HMNC at $1.00 and the margin requirment was $2.50 in a margin account of each and every share I wanted to short. I did not do the trade as I didn' have enough cash to make it worth while. HMNC is now at .12 so it would have been a great short.
So if he shorted 2,000,000 shares and was required to post a margin of $2.50 per share he must have an account with $5,000,000 in it and if he has that much money what is he doing playing around with shorting an OTC stock?
Therefore I do not believe he shorted 2M shares, especially at .008/9 as there has not been enough volume to sell that many shares at that price! Conclusion: mystocks is lying!
mystocks24hours
Sunday, November 25, 2012 3:05:33 PM
Re: Atw post# 19894
Post # of 19994
Shorted 2m shares @$0.008/9
No plan to cover
I don't know who he is but his claim is very highly false. Some of you may have shorted a stock under $1 and are aware of the margin requirements. I tried to short HMNC at $1.00 and the margin requirment was $2.50 in a margin account of each and every share I wanted to short. I did not do the trade as I didn' have enough cash to make it worth while. HMNC is now at .12 so it would have been a great short.
So if he shorted 2,000,000 shares and was required to post a margin of $2.50 per share he must have an account with $5,000,000 in it and if he has that much money what is he doing playing around with shorting an OTC stock?
Therefore I do not believe he shorted 2M shares, especially at .008/9 as there has not been enough volume to sell that many shares at that price! Conclusion: mystocks is lying!
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