Followers | 403 |
Posts | 57848 |
Boards Moderated | 18 |
Alias Born | 05/01/2010 |
Wednesday, April 17, 2024 7:55:29 PM
There’s so much misinformation about shorts. I don't know why any astute trader would think the pink sheets are being abusively shorted. The financial requirements alone prevent abusively shorting OTC stocks like KEGS.
Hypothetically speaking, locate the shares, start a short with 1,000,000 shares @ $.0001. That's $100. for the principal and $2,500,000 in required Maintenance Margin, as well as at least 102% of the principal in what is called Supplemental margin.
There will be about 20% in fees and commissions. IF a successful short is made, gains are capped to 99%, HIGHEST GAIN POSSIBLE would be about $79. Meanwhile the trader has put over $2,500,000 at risk.
No one would be that foolhardy to risk it on an OTC stock with next to no gain.
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM