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Re: JohnCM post# 13724

Thursday, 11/20/2014 6:21:16 AM

Thursday, November 20, 2014 6:21:16 AM

Post# of 63744
K strikes backs with venom when he is found out! Apparently arbitraging low volume penny stocks like BAA across multiple markets is a great strategy, that is, if you're able to earn $0.25 per share on a $0.17 stock on a 35k short sale. I must say, though, that shorting a company with a current market cap of $40 million which could easily be the subject of a buy out at $400 million, could turn those $0.25 gains into what, $2.50 losses (or would that be $25 losses?) overnight. But hey, K's knowledge of the markets appears to be far superior to those of us relegated to teaching elementary math classes.
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