Posted On: 08/05/2016 2:08:20 PM
Post# of 1782
This post could explain why the shorting that took it down from above .02 stopped some days ago.
Claim on iHub: "PoweBattles spoke with the CEO and found out that CEO had a GTC sell order to lock the float."
If you set a Good Till Complete (GTC) order for your shares - valid for 60 days unless cancelled - way above both the current price and way above where you intend to sell - your broker can't lend your shares to another broker who wants to borrow them to short the stock.
When you're ready to sell you can cancel the GTC in seconds and place your new order.
That would also explain why a few of the bashers who haven't stated they bought shares have disappeared over the last few days - they're not getting paid per post by the shorters anymore.
Claim on iHub: "PoweBattles spoke with the CEO and found out that CEO had a GTC sell order to lock the float."
If you set a Good Till Complete (GTC) order for your shares - valid for 60 days unless cancelled - way above both the current price and way above where you intend to sell - your broker can't lend your shares to another broker who wants to borrow them to short the stock.
When you're ready to sell you can cancel the GTC in seconds and place your new order.
That would also explain why a few of the bashers who haven't stated they bought shares have disappeared over the last few days - they're not getting paid per post by the shorters anymore.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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