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Re: wizardseye post# 20929

Thursday, 08/19/2010 11:27:09 AM

Thursday, August 19, 2010 11:27:09 AM

Post# of 22746
so correct me if im wrong... and i very well could be:
selling at .0027: that could be shorts covering their position, right?
So you can't short on this market but there could be people who were short before the suspension still holding short now, right? and those people could have been unable to buy enough shares due to a lack of available shares at their desired price finally getting their hands on the right number of shares? i ask this because i have a tough time understanding why someone that invested $10,000 pre suspension would want their $300 now instead of just holding it to see if it comes back. i understand being unhappy w/ the company or mgmt etc but $10,000 investment money turned into $300 cash seems pretty pointless and it would be really hard to take your $300 and put it into some other stock and recapture your loss.
just asking... I have never shorted and only understand the concepts here. not the actual practices.
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