I'm sure you've already read this as I posted the link long ago (see below), but this is fact. My original point is that over the last month the average shares traded only amount to a few thousand dollars each day, even if all were shorted that would not be a significant holding to create your short squeeze as is done in the major stock markets. Do you think that even if you wanted to sell, you'd be able too? Sure if you take the bid price and drive the pps down, but if you have a limit order with current activity, it won't happen. You will do more to drop the PPS than anything else and gaining pps is very doubtful, unless another mass emailing happens, you will not have the buyers to purchase your shares. Use today as an example. 85,700 shares traded, at current pps was only $2,228.00. That's not going to raise the pps in the future, and all the bagholders from last years pump cannot sell there shares unless they wish to accept the bid rate. And one last item Goldbug, what biased data? It's all true.
11. CLAIMS OF SHORT POSITIONS Sometimes you'll hear that a particular penny stock will rise because of a tremendous short position in the stock and an upcoming short squeeze. We'll say it again. Large short positions in penny stocks don't occur because it is almost impossible for anybody outside of a market maker to take a significant short position in a penny stock. There has yet to be the penny stock that had a rise in price because of a short squeeze. Very few brokerage firms will allow you to short penny stocks and those that will encounter so many restrictions that it is impossible for a significant short position to exist.
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