OT Jag,
I guess I don't understand the concept of Short Selling.
I was under the impression that Short Selling was when you, the investor thought the price of a stock was going to go down. You sell shares you do not have and then buy them back at a cheaper price.
Now, if I put my short seller hat on, and I'm looking at company A and that company's info indicates
"growth companies making revenue, profits, and have a decent P/E ratio"
this would not be a company I would be interested in, since the stock price will most likely be going up, not down.
Therefore, I do not find it strange that certain companies do not have this problem, not strange at all.
Since our MM friends are here to make money, it would be counter productive for them as well to Sell Short on such a company as you described.
Penny Stocks are a crap shoot. There is HIGH risk and that is countered with HIGH rewards. Why just today VMH was up 666%. I've had some penny stocks go up 25,000% in a day.
Of course, we all know that's funny money. But ALMI is a good example of a penny that is making it.
Whether a company makes it on it's own merits or not is one thing. What I don't appreciate is the MMs Short Selling small companies into oblivion using non-existent stocks.
Anyway, that's my understanding. If I'm wrong, or confused (more than normal, that is) please feel free to show me the error of my ways.
Thanx
BILL
