OT
Valorie…regarding your response to my questions for reversemergerspec:
[[[DCNM...Someone "sold" you a share? Why are you buying if your group is exiting the position? Exiting via a purchase would indicate your group has been shorting. Interesting.
Regarding:
by reversemergerspec, post #12965 on 2.25.08
***WOW someone sold us 1 share at 051 how generous must have held a big position.***]]]
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You said: “Old news, we know the group is running it Up and down. Everyone has to pay the bills. He's just doing his job, the same way we would if we were in his shoes.”
This is not old news to me. I don’t have time to read all of the boards. All I know from his recent posts is that he says he is in a large long position with a group of people and that he is exiting the position.
I’m been both long and short in the same stock on the big boards many times. I have nothing against shorting larger volume stocks. I never tell other traders I’m in a long position when I’m actually in a short position.
Large groups shorting low volume stocks like these only bring about slow death to these stocks. I don’t believe I would do the same thing in his position. Not on sub penny stocks with low volume. Too many companies go under due to this type of behaviour.
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You said: “There's really no reason for the board to turn on each other when in truth anyone caught short with a very profitable PR could find themselves in serious trouble.”
I wasn’t trying to turn on him when I asked for clarification. What he said could easily have simply been typed incorrectly. He may in fact be long. I was simply asking him for clarification.
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I’ll agree with you that this should turn up. The price is too low and yesterdays dumping appears to be over..
Trade safe, and best of luck to you and everyone else. ;)
FYI...I'm holding stock here.
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