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Brophtron

06/20/13 8:04 AM

#3358 RE: dustfinder1 #3357

Shorting a stock is selling shares when you don't actually own any.

When you buy a stock, you're taking a long position (not that you're holding it long-term, that's just the term). If the stock price goes up, you make money; if the stock goes to $0, you have lost all your investment.

When you short a stock, like I said, you sell shares that you don't actually own. You make money when the stock price goes down and you cover the shares (sort of like a buy - when you shorted the stock, your broker "borrowed" the shares that you sold.) If the price goes up, you're losing money. Unlike a buy, you can lose a lot more than 100% of the initial value - if the stock price triples and you sell, you've lost 3 times the money of the value when you initially shorted - that's why you read people here about shorters "covering" - they're closing the short before the price gets too high so they don't lose too much money.

JAMN is sold on the OTC market. Most US brokers don't handle short sells for OTC stocks.

Hope that helps.
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Dallas-Cowboys

06/20/13 8:06 AM

#3360 RE: dustfinder1 #3357

Dust
I not sure if your long term or not, but the problem when you sell hoping it bases lower you take the chance it will run on you. Will this base or run who knows time will tell, I don't think management is satisfied with the PPS here. Remember it has a lot going for it now with Get Stirred Up on board. Their purpose is to brand Marley Coffee as an household name. Will this take time sure but hopefully they have their gears a turning. As far as someone selling to make rent they shouldn't be in a penny stock (or in any stock for that matter) if their using rent money. Just my 2 cents Good Luck
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HFowler

06/20/13 9:31 AM

#3366 RE: dustfinder1 #3357

The financials look poor: negative income and cash flows. So I think it may tank from this point imo.