Pilgrim Petroleum Corp. (PGPM)

[cajunot]

I don't know much, being a newbie, but isn't shorting a stock when you sell shares you don't own with the hopes it goes down in pps so that you can buy it cheaper and make a profit?

If this is so, a stock buyback would hurt people who short stocks because it would cause the stock price to go up.

What I am confused about is that I thought you couldn't short pennystocks. Can someone edumacate me?????