Replies to post #8316 on Grifco Inc (GFCI)

[cyofish]

Dr Bill, you can profit more than 100% from shorthing.

Your example: If you sell 100 shares at $1 = $100 and buy it back 100 at $001 for $0.10 you in effect made 99,900% profit.

You sell (short) at $100
You buy back (cover) at $0.10
Net Profit = $99.90

ROI= $99.90/.10 = 99,900%