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Sumdude

02/11/14 5:50 PM

#26940 RE: KingErik999 #26939

its 1,500,000 short at .0041 avg stop tenatively at .0083 basically a risk all. im down 1500 on the trade at current

cover buy at .0024 nets me 2400.00


6 grand loss would hardly break me and considering i made 2 grand on the last short my net loss if i take it at .0083 will be closer to only 4 grand.

combine that with a small 500,000 share long position for a hedge against the short and the loss becomes only $2000 if i get stopped out if i decide to let my GTC ride.

if my short hits .0024 i make my 2400 totaling 4400 on 2 shorts plus whatever i scramble out the scrub 500k which wont be much.

the difference between me and most here is as you would put it i see no potential. only words and insinuation followed by 4 PR's delaying any credible news.

pcanellis

02/11/14 6:12 PM

#26941 RE: KingErik999 #26939

well he better be hoping and praying cause i have 10 million more to buy at .038 if he wants to come test that level. Otherwise, chartist are seeing this set to explode very fast!! Don't know why you would want to short a stock that is poised to break out of a triple bottom reversal.