Replies to post #4119 on Reality Racing Inc (RRGI)

[DirtyDawg]

Dustoff



Thanks for your post. I agree with everything you stated, re: short positioning at this point. I welcome you to this Board, and in the absence of our extremely smart Moderator, welcome you. Scotch

[FATDOG]

I asked him to explain earlier and I thought he might. Maybe tomorrow. We'll have to run it by bagful or Al. Nite, guys!

[bagfull]

Dustoff, most peoople in the board are talking about shorts & naked shorts. Shorts do not include people who buy at 0.03 and sell at 0.07 . But people who sell at 0.07 and cover at 0.03 . You know what I mean. Normally shorts and naked shorts are MM's, hedge funds etc. Retailers are not allowed to short below $ 4.00 ( by Brokerage firms like ETrade etc).

In case of RRGi we have close to 38 million shorts and we have a short squeeze trigger price between 20 c and 30 c. Thsi includes shorts and naked shorts. when these shorts come to know that the sharre price will hit big, they try to cover all the shorts at a price below which they sold. When things get out of their control, they buy it as soon as they can to minimize their losses.

Retailers buying at 0.03 cents and selling at 0.07 cents make no big difference to the stock. we will have huge ressistance at 20 c range because shorts will be under pressure.

Also as the share price goes up, you can expect company also to dilute too take advnatge of the sentiments.

Hope I provided some clarity. Happy trading. GO RRGI