It is legal to short stock. Years ago all one had
Post# of 5282
TelVue is about to prove they have been shorted for years. On Friday our share price was taken down from $12.00 to $9.00 and left for all to spend the weekend looking at. At the time I warned shorty that it was not the smart move. On Monday bids for 500 shares at $9.00 appeared. There are some sitting and staring at shares for less than a nickel. A few more and the asking price will be $27.00 unless shorty wants to short more. Gerry Lenfest has already paid $70.00 per share for his last shares. From a nickel to $70.00 Are you kidding me ??
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.