If they're doing this, they're probably shorting.
Post# of 96892
(Total Views: 469)
Posted On: 07/30/2017 6:45:31 PM
Re: intelligentPMC #81085
If they're doing this, they're probably shorting. I urge all longs to change your account to a "cash" account. If you leave it as a "margin" account the brokerage firm will kindly lend your shares out to short sellers whose aim is the bring down the share price, opposite of what you want. They're basically screwing you.
If you change your account to a "cash" account your brokerage firm cannot lend out your NTEK shares, screwing shorts. Sure you cannot short from a cash account, but then again you can easily open another account for this type of trading outside of the account you have for NTEK.
Remember, that "news" that came out last week came out for a reason. Shorts are getting worried, and they need you to sell your shares cheap so they can cover. I'd be willing to bet they know something's about to happen, and they're going to get burned. They wouldn't be bashing the stock to help you.
So all the shorts out there beware: us longs aren't planning to sell our stock. We like sales, so if the PPS goes down, we buy. Looks like a lot of shorts are going to come up "short", pun intended!
If you change your account to a "cash" account your brokerage firm cannot lend out your NTEK shares, screwing shorts. Sure you cannot short from a cash account, but then again you can easily open another account for this type of trading outside of the account you have for NTEK.
Remember, that "news" that came out last week came out for a reason. Shorts are getting worried, and they need you to sell your shares cheap so they can cover. I'd be willing to bet they know something's about to happen, and they're going to get burned. They wouldn't be bashing the stock to help you.
So all the shorts out there beware: us longs aren't planning to sell our stock. We like sales, so if the PPS goes down, we buy. Looks like a lot of shorts are going to come up "short", pun intended!
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