If numbers are your thing then why stop at 100,000
Post# of 5282
TelVue and it's situation are unique. This particular situation has never , ever been seen on any stock market anywhere. I made that statement to someone the other day and their answer was "I find that hard to believe". Someone who would not know a penny stock if it came up to them and said "HI" finds it hard to believe. They then went on to ask about the asking price NITE has put out there for the shares of stock of TelVue and laughed. "What's with this asking price of $10.000.00 for one share ? Easy to explain. Someone who is in need of shares of stock people will not sell finds there is no upside limit to the amount of money one can lose shorting stock. No upside limit to the amount of money that can be lost ?? That means $10,000.00 a share is chump change. Two days ago I was able to pick up shares at $37.50. Don't want to take the time to look for them ?? OK.
If anyone wishes to see what major corporations are doing in this economy then check it out. They are using profits to pay dividends. More and more each day.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.