InvestorsHub Logo
Followers 0
Posts 468
Boards Moderated 0
Alias Born 03/06/2007

Re: Shadowfax1 post# 48476

Tuesday, 12/29/2009 4:49:57 PM

Tuesday, December 29, 2009 4:49:57 PM

Post# of 135179
No offense, but your math is off just a bit...50mil shares would have been 25,000 bucks, and if I was gutsy enough to buy and lucky enough to sell that many shares in one day, it would have been a 5000 dollar profit! I said I made a grand before commission, (10 million shares to be exact). you can believe it or not, my whole point was to show how day trading is a lot easier and more attractive when a stock is trading the way this one is. High volume and huge % changes with every tick. What do you think the MMs are doing? Same thing but in reverse and not legal since it's an OTC(sell at .0006 and cover at .0005). I mostly invest in the large caps so this is quite common, and the daily short interest in any stock is readily available...I'm currently holding a short position in B of A and Citi (BAC, C) at the moment. that's where I'll move 25 thousand around...Not here!