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nopancakemix

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nopancakemix

Re: Hacktheripper post# 158454

Thursday, 01/23/2014 3:45:13 PM

Thursday, January 23, 2014 3:45:13 PM

Post# of 238614
Momo Pennies Are NOT Good Shorts
The whipsaw from these momentum penny stocks can be absolutely devastating. When a stock can move 100-500% in a single day, I would strongly caution taking out a short position and leaving yourself exposed to unlimited upside. Additionally, the liquidity issues with penny stocks can be a major problem. One day a stock could trade hundreds of millions of shares and the next day it barely trades 10m. That means a person could get seriously jammed holding a short position that they are unable to liquidate. And all that is only if your trading platform even allows you to short pennies.

"Emancipate youself from mental slavery, none but ourselves can free our mind"
-Bob Marley

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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