I disagree with you on short covering. REAL trader
Post# of 72446
Posted On: 10/03/2015 10:52:29 AM
I disagree with you on short covering. REAL traders who short stocks don't get greedy, they short the stock, take their profits when they think it's hit a reasonable level, and then if the stock goes up again big, they can short it again. Remember that retail traders have to devote a huge amount of margin to shorting a stock directly -- in fact that's why some stocks do NOT have options on them, put options make it too easy to short a stock with a small amount of money at risk and behind the position. I know, I have some puts on that piece of cynical Wall Street garbage AXON and it didn't cost me very much to bet that the AXON scam will be exposed within months. (I'm already up over 100% on the positions 
) AXON is an example of why shorting a stock is a reasonable thing to do, when it is grossly overpriced (not a single drug in clinical trials, and the ONLY drug they have is one that already failed in clinical trials).
HOWEVER -- the CRIMINALS that we are discussing, who use lies and market manipulation to try to bankrupt a great, potentially life-saving company for their own reasons (think about who profits if the company were to go under, which it will NOT) -- THEY do want to short us to zero so their nefarious friends can benefit. However, when they see the tide turning against them, they will get out of the short and the magnitude of the rally is going to surprise even the most optimistic of us.
They'll need the money for legal fees, too.
) AXON is an example of why shorting a stock is a reasonable thing to do, when it is grossly overpriced (not a single drug in clinical trials, and the ONLY drug they have is one that already failed in clinical trials). HOWEVER -- the CRIMINALS that we are discussing, who use lies and market manipulation to try to bankrupt a great, potentially life-saving company for their own reasons (think about who profits if the company were to go under, which it will NOT) -- THEY do want to short us to zero so their nefarious friends can benefit. However, when they see the tide turning against them, they will get out of the short and the magnitude of the rally is going to surprise even the most optimistic of us.
They'll need the money for legal fees, too.
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