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Tuesday, June 05, 2012 1:29:35 AM
Here's just a common list of excuses you will here when scam stocks go bad....
-the bashers are short
-don't listen to all these bashers
-MM's are holding this one back
-i'm buying at these levels
-this thing trades on air
-slap that ask
-to da moooooon
-the TA is gagged
-this thing is going to fly
-look at all the after hours buying
-this thing is obviously being shorted
-just wait till the buyback is complete
-longs will be heavily rewarded here
-i feel a short squeeze coming soon
They go on and on. Finally two pieces of information about pink sheets stocks to always keep in mind. There is NO after hours trading in pink sheet stocks. And secondly and this is a big one to remember you CAN NOT short penny stocks, it's simply not allowed by most brokers and even if you can why would someone short a penny stock when shorting it costs them $2-$3 per share... makes no sense huh?
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