Thursday, August 07, 2014 12:13:33 PM
VFIN is an instument of shorts. He/she makes a bundle by bringing stock prices down for the shorters. The shorters are actually folks who have margin accounts and can Sell Short meaning they sell shares they don’t have, at asks lower than they would seek if they truly were buying in a company they were looking to see go higher. That is normally why one would buy a stock. This short seller could be any one of us who may have a margin account and choose Sell Short as the method of transaction.
If my understanding of this process is correct there need to be unassigned, unpriced shares out there for the shorter to manipulate. If all the outstanding shares have sell orders attached to them there should be less to work the short game.
I had been guilty of sitting on a few hundred thousand shares without sell orders attached so I was part of the problem. Many of us were and the fewer that leave open shares in this stock the better our chances of moving forward if my perception of short selling is correct.
The more profitable shorts can be made the more they will happen. AS I write this NITE has a bid of 1000K at .002 and an ask of 500K at .0021 on DNAX. How many normal investors/traders would have that arrangement going on?
ASSIGN VALUE TO YOUR SHARES!!!!!
Set sell prices higher than you could hope for and change them as appropriate when you see a current price at or above the ask that is in your comfort zone.
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