FWIW...Posted on another board. There are no
Post# of 96879
FWIW...Posted on another board.
There are no real shorts in penny stocks. Some will claim to short as scare tactics or blame others for shorting when some penny stocks are diluting and others are simply taking profits. I have not seen any real dilution here so that is a plus. I am stating facts about penny stocks. If you have a good stock that drops it can be profit taking and many other things but there are almost nil short in any penny stocks. Shorting penny and especially sub penny stocks is a complete myth most do not understand. It is a shame you read about shorts and there really are none as far as penny stocks go! ABSOLUTELY ALMOST NONE, NIL IN ANY PENNY STOCKS. It would also cost $2.50 to short a single share of any penny stock and most will not spend a quarter million dollars to short 1 million shares of a penny stock. Here is the correct link to Finra. These are the real short numbers and they do them every 2 weeks. The OTC daily site is scam numbers. Most stocks are manipulated by flip traders or those who missed the boat. Most of those daily numbers are dilution or profit takers along with panic selling on red. You will also see that if you go to any penny stocks board over time you will see the same. No real short positions. Type in any penny stock symbol when you get to the front page. http://otce.finra.org/ESI
MM's can naked short stocks during trading hours but they almost always cover in the same day the most they will wait is up to 3 days but that is dangerous with XXXX as they have learned in the past. I know about shorting because I used to handle investments professionally and 99% of what you read on these boards is false. There are almost no retail short positions on any penny stocks. There are borrowed short positions when MM's can not buy or sell fast enough when huge volume hits. I already explained what they do above with those naked short shares.