Blue Eagle Lithium Inc. (fka BEAG)

[wEaReLeGiOn]

"No position (unfortunately -- wish I could short). "

Absolutely no "wish" needed, feel free, so-long as you're confident the PPS will drop from today's level. $1.36, and also realize that the clock starts at the shorter's entry price and any time the security trades above the entry level price, the short seller is heavily hit with interest fees and carrying fees.

So the op-ed that you penned isn't having the effect you hoped?

https://www.goodetrades.com/2019/06/blue-eagle-lithium-beag-is-newest-mailer-pump-dump/ (Michael Goode Posted on June 25, 2019}

Anyone with ANY knowledge about trading on the OTC market is aware that shorting a pennystock (defined: Anything security trading under $5.00) is virtually impossible. Also, it doesn't sound as though you're aware of what being "short" on a security actually means. There is nothing from stopping anyone from selling this security short at this very moment in time. First a person who believes the PPS is heading down sells the shares they don't own (they borrow from the broker pool and must "buy" the shares in the future, hoping that the PPS declined).

If anyone has an off-shore brokerage account, or if you're a Canadian (such as myself) with a cash brokerage account and shares of the security in question sitting in their account; they are able to sell short the security, as I've done in the past myself.


That is how the pumps usually work -- insiders or whomever paid for the pump sells into the volume generated by the promotion. They don't wait for the stock to drop to start selling. Once they run out of buyers the stock drops.