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Re: pwise post# 28475

Friday, 07/01/2011 11:23:45 AM

Friday, July 01, 2011 11:23:45 AM

Post# of 54312
Shorters bank on the fact that a trader will jump out of a position the minute it turns negative. They short to them and drop the bid ask to buy back the shares at a lower price.

I love buying the "phantom shares" because I have all the time in the world. Shorter's will have to buy my shares back at a much later date and a much higher price. The smart thing for them would be to cover what they have already shorted and move on to another stock.

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