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Thursday, April 25, 2019 12:39:33 PM
quote repeated several times from shotsky: "No shorting the OTC stocks". I have proof he is very, very wrong. essentially his contention is you can't short a penny stock in the OTC under any circumstances. Total BS!!!! Read below his quote. He always says, "call your broker and see if you can". So ok, I did.
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shotsky
Thursday, 04/25/19 10:23:57 AM
Re: KIPK post# 83860
0
Post # of 83914
There are no shorts on vrus or any other penny stock. Your brokerage will not complete a short sale for you. Go ahead, try it. No, never mind, we all know everyone talks about 'the shorts', but not one single person has ever proven that they have ever held a short position on a penny stock. The exception is MM's, but they usually cover nearly instantly, before the price can change.
I would not call the 10 M share sell a fat finger. No one would set up a trade like that and accidentally add too many zeros. What is most likely is that someone was in the green and wanted the money to buy something else, so they may have sold at market, which is exactly what would cause the price to dump.
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Complete hogwash from someone who's constant mantra is no shorting penny stocks.
So hey shotsky, I took you up on your offer to call my broker to see if I could short VRUS or any other OTC stock. The answer, OF COURSE YOU CAN! Schwab-1-800-355-2448. I spoke with Jeff Carlson.
VRUS Hold for Gold
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