Replies to post #7835 on Anavex Life Sciences Corp (AVXL)

[MinnieM]

Most don't have the funds required to short penny stocks.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112297118





In Reply to 'KingErik999'
Here....regarding shorting penny stocks

I'm setting up accounts at IB and eTrade mainly for the purpose of shorting stocks under $5. I encourage everyone to do the same. Besides being able to short lower price stocks, those with the pattern day trader rule still 'bugging' you out of plays, w/ 3 accounts you'll have 9 day trades per week. Trade w/ precision on those 9 or less trades or enjoy some longer term patterns to work with like AVXL....which I think could see a few solid days of buying w/ maybe a down day or 2 in between.

Holding AVXL for a break of .80 or more. Mental stop @ .59 and will raise it as the stock rises.

GL

Erik