Short sellers goal in the penny market is to keep
Post# of 5282
Short sellers goal in the penny market is to keep you broke. Any way they can pocket your money and leave you no access to it is cool with them.
TelVue last price was $10.00. If you were to place an order for 100 at $10.00 it would cost you $1000.00. With any other stock on the penny market at this time if you did that shorty would simply give you 100 at $10.00 and take the money from your pocket to his. I am not saying that can not happen here. The reason is that for someone to do that they would have to be belly up stupid but we have some of them in this world. Their other goal is one you know very well. It's take it down and get shaky to sell.
The thing with selling is you can't have your cake and eat it too. If you sell 1 share it is gone and who don't know that. If you truly need money and I said need and not want then sell as few as you can with the idea of trying to get them back if things get better. This is not my economy. Please don't ask me when the next opportunity like this comes along.
HOLD WHAT YOU OWN. PUT BIDS OUT THERE AND TRY FOR CHEAPIES.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.