Paychest Inc (PYCT)

[MFridge]

" why spend the money to cover"


When a short position is held, the capital is tied up until the position is covered. Also, with a price increase from .0001 to .0005, that could actually result in a margin call as well which would cause such a position to be closed automatically at a massive loss.

So, no, it makes no sense to wait for a stock to go higher to cover.

I can't chose which "side" I favor when posting facts.