Replies to post #9113 on Cann American Corp (CNNA)

[j$tops]

The best of Luck to you!!

[Nilbud]

Didn't you learn anything from Tim?
Short and cover wait for a bounce short and cover again - Highest potential maximum gain for a short done once is 99.99...% (For those not so well versed in math ... denotes infinity)
Done several times it's much higher, especially if you compound your gains - Where as there is no maximum gain for a long and done several times, using the right timing you have the ability to make higher % gains.
Now how is this on topic for BFLX?
Well if you shorted on the high @ 0.59 and covered on the low yesterday @ 0.058 - $1,000 would be worth $1,917.20 less commissions, if the stock were to go to no bid you would stand to make an additional $82.79 on $1,000, but if you were to short on every rip and cover on every dip, you would have more.

If you went long on the stock with $1,000 and had the same ideal situation you would have bought in @ 0.20 and sold @ 0.59 turning your $1,000 into $3,950 less commissions, but if you were to buy on every dip and sell on every rip you would have a lot more.

Now if you had of shorted it @ 0.20 and covered @ 0.59 your loss would be $2,950
compared to buying @ $.59 and selling at the low of 0.058 with the same $1,000 = a loss of $901.95

Timing is more important than the direction, believe me when I say that.

[WhisperingEye]

Volume surge will send this flying