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Re: Cannabisprince post# 38159

Wednesday, 02/20/2019 7:39:22 PM

Wednesday, February 20, 2019 7:39:22 PM

Post# of 71424
you shouldn't even have it for sale because mms or brokerages are borrowing those shares and shorting them. Kind of like when you deposit a $1 in cash to a bank account and the bank then issues a $10 in loans to someone based on that $1 cash. ever notice how when you own 40 million shares of junk stock and the price keeps falling, but as soon as you sell that hunk of junk, the stock flies 400%. Once you don't own it, they can't short it anymore, so they gots to cover. So you are asking who shorts triple zero stocks? Etrade won't allow it, but Lightspeed will let you short everything, including triple zero stocks, provided you have enough money in the account, and you don't need 100 million. ClayTrader is a lightspeed customer for example. but he isn't alone nor is that brokerage the only one that allows you to short sub penny otc junk stocks. What triggers a short cover is positive news or say news of a buyback. They are betting that the company will announce a reverse split or some other kind of a bad news. but as long as they don't, this is a ticking time bomb for shorts. But it is also a ticking time bomb for retailers because the price will sink as long as the weaklings keep selling. This could be days, weeks or months before the price goes back to 0.02+ but it will.