Replies to post #9060 on NewMarket Technology (fka NWMT)

[TRCPA]

Actually, that $100,000 shorting scheme you refer to would net a shorter the same $100,000, before taxes, if a company went down. Not a bad profit for no money down.

Let's take another example....say the shares were selling for .20 (which was the case earlier), and a shorter sold $100,000 worth of shares at that price. So even now if he buys them to close the account, he has made $50,000 before taxes....again, with no money out of pocket.

Not bad in either case, without putting any funds out upfront.

I'm fairly sure this practice goes on in much smaller scales than this, given the current economic times.