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Monday, October 04, 2010 10:57:41 AM
~!~ A fairly new stock trader should do more DD on what shorting means. Don't go for the 'get shorty', 'massive short' propaganda when dealing with pink sheet stock such as inix. Shorting a stock is legal and was created to improve liquidity in trading, (more importantly, more profit potential for brokers and banks...)
There has NEVER been a proven massive nss in any sub penny stock to date. When the stock is revoked it has always shown to be dilution and ceo fraud instead of short sells. Just like the myth that forward splits are for shareholder value ... shareholder value in a pink stock is even more elusive than NSS...
There is no appreciative short position in inixd as per SHO and short lists.
Short positions are made good within days.
There really isn't a being called 'shorty' that can be verified.
ALL trades are recorded in due time.
And inix short share counts (if any) are NOT added up together day to day for some sort of weekly/monthly total.
Call your broker, and almost all will not allow a retail account to short pinks. Most brokers charge high fees, up to 2.50 a share in some cases so where would the profit be in trading a .001 stock with volumes under 1 million?
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