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Re: chloebware post# 11297

Thursday, 02/02/2012 9:17:56 PM

Thursday, February 02, 2012 9:17:56 PM

Post# of 160012
Very good point Chloe! The higher we can push this the faster we can create a short squeeze. Which is primed to happen here soon imo. For those that don't understand what Chloe means: just like if you buy a stock on margin (borrowed money), you have $5000 in your acct and if you applied for margin that could actually give you $10,000 in buying power. Sounds great right. Yes it is great IF your stock goes up! You can make twice the profits. HOWEVER if that stock goes down, the broker wants to protect the money they lent you so once that stock declines only a certain percent they can force you (yes without your consent) to sell all or a portion of your shares to pay back their margin. So the same is true for shorts but in reverse. If the price goes up to a certain level they can force them to buy the shares at current ask price in order to cover and protect their margin. Anyways I know there's a lot of newbies out their probably so I like to help. We are all on the same team. Except for the fact that I'm trying to take your money and you're trying to take mine lol. Other than that, same team!

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