Friday, August 21, 2020 7:44:19 AM
You don't short penny stocks with option contracts unless your an absolute fool with very deep pockets.
Shorting a penny stock is more of a bull/bear issue.
Shorts are sellers. They drive the price down. Facts are irrelevant, the only thing that matters is having enough money or shares to move the price.
A short/bear sold 250k at EOD yesterday. They did that when a bull was acquiring 1 million shares.
Bears vs bulls.
Today will be more of the same.
The bulls now outnumber the bears...by a significant margin.
Shorting a penny stock is more of a bull/bear issue.
Shorts are sellers. They drive the price down. Facts are irrelevant, the only thing that matters is having enough money or shares to move the price.
A short/bear sold 250k at EOD yesterday. They did that when a bull was acquiring 1 million shares.
Bears vs bulls.
Today will be more of the same.
The bulls now outnumber the bears...by a significant margin.
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