Replies to post #30254 on ProGreen US Inc. (fka PGUS)

[tigerpac]

You are claiming a majority of traders here are shorts and a minority are long? Nonsense.

You do realize that in order to short a penny stock, you have to put up (have in your account) $2.50 per share in margin so if the stock does spike higher your brokerage can collect the money from you. It just doesn't happen . Brokerages won't let you do it. That's why the short interest in all these penny stocks with a billion plus shares outstanding are almost non-existant.

<A cash transaction was what shorts expected, they sold because going up higher required a longer wait, and not many shorts go long in that situation. The minority of traders on OTC markets are longs, so I expect we lost 45-55% of investors on the lease news because the short position no longer was an option.>

[Enixenigma]

I realize that when you said 'short position', you meant short-term as opposed to holding long, but the verbiage is confusing. Your words are already being twisted.