Replies to post #161555 on Plastic2Oil Inc (PTOI)

[Toxic Avenger]

That might be true if you weren't holding a volatile stock like JBII.

Here's how it works.

JBI rises on hype. You short against the box. This greatly reduces your liability and guarantees availability of shares to short, protections a normal short does not enjoy.
The stock moves up, you do nothing as you have a neutral position. The stock moves down, you cover your short pocket the profit and maintain your position for the next move up.

Lather, rinse, repeat.

It's actually a great strategy for traders, particularly those who got heavily discounted PIPE shares.

Volume and Volatility are what make the strategy work. All while reducing risk.

[wEaReLeGiOn]

Please read my post more carefully. I didn't claim to make $50k, I made a $50k short borrowing my own shares, for a tidy sum (it was a few thousand dollars that I netted).

Speaking of the loopholes you mentioned, I read your earlier gushing post about being a "former naked shorter". "As an ex naked shorter myself, believe me, these guys are very creative in finding legal loopholes." I'd be more interested in hearing your thoughts with regard to this post-

I also noticed we haven't been hearing the YOY stats lately, care to remind us today? TIA

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71436903

The SEC doesn't have time or resources to look through crack-pot NSS PinkSheet stories, anymore than they have to date (none of them amounting to anything). I'd say they're well aware that PinkSheet gamblers don't read all of the warnings about buying into PinkSheet stock stories, offered by the SEC.

I for one, would rather see their resources being spent clamping down on PinkSheet promoters who regularly run afoul of 17b disclosures, and cause financial and emotional harm to unsophisticated 'investors' while they themselves are given stock for their canned promotions in various companies to push these garbage stocks. There is no shortage of cases brought to bear upon these dregs of society, whereas "NSS" has been shown in the OTC to be nothing more than artifice, and often an artifice offered up by these touts and louts as to why their PinkSheet promotion is under water.

I hope the SEC investigation into JBII reveals any consultants that were paid to promote the stock, assuming the consultants didn't just show up at JBI's office and receive cash or equivalent in lieu of shares.

I'm sure you'd agree?
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If you "made" $50K shorting your own shares on JBII then you also lost $50k at the exact same time on your long side.