Replies to post #68886 on Anavex Life Sciences Corp (AVXL)

[JB3729]

No, short interest is the number of shares shorted.

I subscribed to a trading service at one time. This service shorted parabolic moves. Their advice was to reserve shares to short in advance of an actual short trade in the event that xyz happened. I only made a few long trades that were recommended by the service.

I think the service was on the up and up but never called my broker to check on reserving shares. That is why I said "second hand".

I'll call my broker in the morning to confirm.

[Bud Powell]

Shorting can wipe you out, remember Joe Campbell? check out his 18 Nov. 2015 tweets

https://twitter.com/jwctrek

JoeC ?@jwctrek 18 Nov 2015
Was swinging $KBIO short from $2.00. Left to a meeting at close and was away from my platform, came back to 17s. 1/2

JoeC ?@jwctrek 18 Nov 2015
Safe to say I'm fucked. $KBIO. Not even sure what to do here.

JoeC ?@jwctrek 18 Nov 2015
Calling it a day, still swinging $KBIO short and new short swing in $AVXL, starter position. #pumpanddump +$718

JoeC ?@jwctrek 18 Nov 2015
$AVXL, could we be topping out here or will we see a new base over $6? Touched .236 fib at $5.92

http://www.marketwatch.com/story/why-you-should-never-short-sell-stocks-2015-11-19