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Re: DaysOnTheBeach post# 50893

Friday, 05/20/2011 2:54:39 PM

Friday, May 20, 2011 2:54:39 PM

Post# of 146240
I'm covering a bit now, causing the uptrend. I believe the market is not valuing sub-$5 cult stocks appropriately if that makes sense. Coupled with the high margin requirements for sub-$5 short selling (typically requires 100% collateral versus 10% for other positions), these are hard shorts to bust. I will keep some short forever, however. If the stock rises to $2 or $3 I will aggressively short. This isn't a NNVC-specific behavior--there are many frauds just like it that do not fall in a rising tide/positive GDP period. It has more to do with the spirit of gamblers and disposable income and fund flows than the shenanigans of this fake enterprise.

Will always check in from time to time on this company's fake progress and non-existant assets.
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