Orbital321@AOL.com
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Yes, short selling penny stocks is perfectly legal. https://shiirs.com/investing/can-you-short-penny-stocks/
Any long term experience traded knows that penny stocks can be shorted. All depends on the broker.
Still well below where this was earlier this week. I think we go lower again.
It all depends on the broker. Some allow it and some don't. But yes, penny stocks are shorted all the time. As with BOMO.
You call this zero short interest?
Market Date FINRA
Short Volume
2022-10-06 876,355,079
The stock may go up but you will wind up with only a few shares.
A lot of money has been lost shorting stocks. And it that were not true we wouldn't be seeing the panic we are seeing from the shorts. Especially by those that shorted at a lower price.
Typicall a stock might go up on news of an RS but after the RS happens the stock will tank. I don't see this going higher. If I owned it I would be selling now.
Congrats but I sure don't see the justification for a 50% increase. Good luck!
Is it any wonder why so many shorts desperately want this stock lower? Sooner or later they have to cover.
Market Date FINRA
Short Volume
2022-10-06 876,355,079
Do you mean the money used for acquisitions? Good, let them dilute. No debt here. i
Market Date FINRA
Short Volume
2022-10-06 876,355,079
A nice $7k profit in the stock today. I'll take it. And we are just getting started. And we showed the 8s on the ask besides.
Well that would certainly explain the 40% gain today that you missed.
Nice, now the shorts are really going to be desperate.
The B&A is holding at 5x6. Doing pretty well for a stock that was predicted to go to .0000001 months ago.
360 million shares on the bid already..
Thanks, I like the way were are now getting regular updates from the company.
Nice, the number of shares on the bid are rising.
Is that why the ask just jumped to .0006? LOL
But think of how many made good money on the stock. It's a matter of knowing when to buy and when to sell. With BOMO it's a time to buy before news comes and the stock jumps 100% very quickly.
And you would have sold at the bottom?
You can't have short volume if someone isn't shorting it. Those are the people that desperately don't want to see a stock go higher.
"“short volume” measures the number of shares that have been shorted over a given period of time, “ Therefore the stock IS being shorted on a daily basis.
BOWMO
Market Date FINRA
Short Volume
2022-10-05 285,885,183
2022-10-04 626,161,253
2022-10-03 80,104,171
2022-09-30 597,539,628
2022-09-29 151,075,602
2022-09-28 392,091,235
2022-09-27 154,982,976 / =
2022-09-26 362,270,126
If you don't want to see a large capital gain on this years taxes I would sell.
So it's not up to date. Like almost everything on OTC markets.
And what site are you getting the current float from?
More like 5 Billion shares or less in the last 3 months. The OS on 07-20-22 was 18,572,705,574. On 09-14-22 it was 19,758,547,431.
When we see shorts in a panic like today it's a VERY good sign that something good is coming.
Very busy board today. The NO RS letter must be drawing a lot of attention. Plus the monthly updates from the company.
I would be happy with any time this year. That would be a 100% gain from here.
I'm sure the shorts aren't happy with the latest news from the company. There will be MUCH more money made buying this stock than shorting it.
WOW, we traded about 962 million shares on the buy side today and only 42 million shares on the sell side.
With about 750 million shares on the bid at the close I would say we have a shot at .0006 tomorrow.
Congrats. We are about equal.
You may be correct! With the right news anything could happen. When the news comes many will be sorry they waited because by the time the market opens the stock could already be up 200% to 300%.
You have to catch it at the right time. I have seen OTC markets go well over a month without an update. The TA is up to date the day you contact him.
Where is it updated?
Oh, is that why we have more than 7 times as many shares on the bid than on the ask? Doesn't add up.