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Stockrager

07/03/13 12:01 PM

#94641 RE: Actuate #94639

You need $2.50 per share in your account to short these stocks! Might want to do some homework.
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feinanddandy

07/03/13 4:43 PM

#94651 RE: Actuate #94639

GDSM clearly has the lack of understanding how the shorting works in Pennyville, they have to carry a margin account and cover $2.50 for EACH SHARE that is shorted:

17.3 x $2.50 = $43.25 MILLION!

Not really that difficult to understand IMO. No one in the right mind would risk $43MM to make $10,600!
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SaltyMutt

07/08/13 1:21 PM

#94721 RE: Actuate #94639

Lovito has a pretty sweet thing going with GDSM. "He could sit back and make money for doing nothing". Well, I guess turning on the print and sell machine is doing something. And, of course, if he prints up another billion shares or so he'll probably get some ink on himself and the washing up will have to be considered doing something. The more one looks at Lovito the more one sees that he is not just sitting around but is in fact a true whirlwind of activity. How could I have been so cynical?