Saturday, May 26, 2012 12:21:17 PM
They didn;t get no where with the recent rise out of sub penny, the other one cashed out high, rebought on down fall! They ended up fighting for the lose shares!
look at some of the names still here, do some dd and you will find them! I have! RM said stock no good,get out,company dumps LoL! he the one that took it down! LoL!
They,others claim it shorts, there is no shorts in penny stocks, my broker doesn't allow it! Only market makers and very few brokers,even then,a request has to be sent, then they haft to find it! Not very successful getting them filled!
The reason most brokers say 4.00 or more, is it easier to cover if they are required to do so!
With penny stock, if it jumps like a thousand % say 1,000.00 @ .01=100,000 shares! if a 1000% rise, they now haft to cover $10,000.00 plus shares!!!! for 100,000 shares! and nobody selling, it can go up all the way to what ever the last share to be covered is! even if it is a dollar!!! if only sells is a dollar, then broker has to pay 1 million dollars!!!
And now they have found out most arn't fallig for the tricks anymore, now they are starting to say it is institutionals that short, trying to scare me out of my shares! Be careful! THINK NOT!!!
BESIDES PROFESSIONALS SAY DO NOT SHORT PENNY STOCKS!!!!
Cause it does put people on bread lines! Also was asked to be an ass't mod on a respected board, turned him down caused I'm not going to be around a computer due to work in the near term!!!
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