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Re: roklin post# 5517

Thursday, 08/02/2012 10:47:54 AM

Thursday, August 02, 2012 10:47:54 AM

Post# of 7345
lot of assumptions to make that work. AVG daily 3 month volume is 336k, first you'd have to assume that a percentage of that is short sales, then you'd have to assume that they took place at .0137, then you'd have to assume that it can be purchased at .007 and after all of that assuming you'l make what, a grand?

IF someone shorted this down and covered it at .006/7 then they wouldn't be shorting it right now since it's sitting above the old trend line / 200ma of .013 - you'd be holding now and waiting to see a new trend before you'd short. Meaning you'd stay long until you saw a clear direction. A true trader plays it both ways, it's about making money, not about short/long trades.

That's probably a little closer to reality than all the assumptions. IMO