(Total Views: 305)
Posted On: 03/25/2018 10:36:58 AM
Post# of 72446
If shares have been issued by the company, we DO NOT know if they were sold to Aspire, or if they were used for some other purpose -- for instance, compensation to an employee, payment to a supplier or consultant, etc.
It is not a valid assumption that all new shares that MAY exist are in the hands of an entity that is selling them. They may be in certificate form too, or some other way that prevents them from being shorted.
And remember: supposedly if you put a high good-till-canceled "sell" price on shares held in your brokerage account, legally they are NOT available for shorting. (whether the brokerage actually withholds them is another matter)
We know that the resident soft basher tried to dissuade people from doing that -- gee I wonder why -- but if you put a price like 20 or as high as your brokerage allows, it will give you time to cancel the sell order when the stock zooms up.
It is not a valid assumption that all new shares that MAY exist are in the hands of an entity that is selling them. They may be in certificate form too, or some other way that prevents them from being shorted.
And remember: supposedly if you put a high good-till-canceled "sell" price on shares held in your brokerage account, legally they are NOT available for shorting. (whether the brokerage actually withholds them is another matter)
We know that the resident soft basher tried to dissuade people from doing that -- gee I wonder why -- but if you put a price like 20 or as high as your brokerage allows, it will give you time to cancel the sell order when the stock zooms up.
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