i've posted this before and its worth posting agai
Post# of 75002
once the stock has peaked (and investors threw money at it on the way up), the shorts will place their short orders and then they will dump their shares, using computer selling to keep hammering the ask down lower and lower. they will profit twice. once on the dumping of their shares at a profit and then again when they profit on their short position. if they buy enough shares they can move the share price significantly.
and then they will profit a 3rd time as some investors are going to panic and sell their shares at a lower price then they bought them for, which is the intended effect for the shorters, and then they will rebuy those shares at a bargain.
i was waiting to add another 200k and push me over a million and grabbed them at .05 and again at .045 as i knew this was event was coming.
this is what stocks do. again, if this didn't happen, stocks would be artificially inflated at too high of a price so actions like these provides parity in the market. yeah, it sucks today that our portfolios got smacked but this has happened to us dozens of times before. life goes on. profits will recover. share price will go up.