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MWM

Followers 1063
Posts 141600
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Alias Born 03/31/2006

MWM

Re: King Zulu post# 6576

Thursday, 06/14/2012 12:47:35 PM

Thursday, June 14, 2012 12:47:35 PM

Post# of 17809
I will say it for the last time, 99 times out of 100 when there is someone banging the drum on shorts holding a penny stock down it's always the exact opposite of the truth...

Please provide for me one instance that this has been proven, I've been trading pennies for over ten years and the only time I think I've ever seen any kind of substantial short that really held a stock down is when I think the symbol was BCIT, they did a R/S and a name change and Etrade messed up the R/S somehow and a load of illegal shares got dumped onto the market, then the stock was halted for three years and everyone got screwed out of their money...

Point is it's a common myth spread by someone who is unloading shares to novice traders to encourage them to buy...




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