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Shark Attack

04/16/14 9:09 AM

#7988 RE: Hercules1 #7984

See it was an industry wide short attack on the fears of sec shutdowns and a weak speculative market.
The short seller will cover before the conference because he/she is greedy and wants 150 percent quick plus the 150 he/she made selling Down, so to that group their 300 percent is more important than the well being of the company or any of its long term share holders, what needs to happen is people who are long need to set a gtc on there shares at $10 or some obscured price, I'm do not condone shorting, I think the practice serves no purpose, so I'm not lending my shares out, it's my asset and that I paid for so that's all there is to it, IMO that's the only way they'll never out law it the clearing firms make tons off of it as do the short sellers. The people that lose are really the weak hands, and the longs temporarily.