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Re: Cerp post# 15295

Friday, 08/08/2014 7:35:41 AM

Friday, August 08, 2014 7:35:41 AM

Post# of 63559
We are at .162, the more shorts currently holding at this price the better because now it's just us against them, if we move down they will cover for profit but that will drive the price up, if this moves up they get nervous and cover causing a squeeze which will shoot the price up even more. Not sure at what PPS this is being shorted but it must be in we were in the .175 - .197 range, if they don't cover soon that level will be our new base and they will be screwed. I still think shorting pennies is too dangerous and surprised it's allowed (Scottrade doesn't allow it) because you are at risk of losing more than your investment, at least when you are long the most you can lose is 100% of your investment.