RE:NEAR 8$ OPENSo to short, you borrow someone else shares, from what I understand. Hope the stock goes down and then buy the shares at the hopeful lower price. If the price keeps going up, then the short position will have to buy the shares back at a higher price. What can happen is the price doesn’t drop back down and since all the shares are already shorted against, can more be shorted on? If not then it will be very tough to drive this down and shorts will be forced to cover at a higher price, thus competing and raising the price. With all the shares already shorted according to some people, wow, this could really blow up to the sky and we’ll see constant new high after high.
Everyone should be putting there shares held to be solid at $50 or something big with an end date of 30 days. From what I understand that when shares are locked into a ask or sell they can’t be borrowed against and can’t be used for shorting. Thus decreasing the weapon shifters use against us longs.
Do this with your shares, don’t sell and this could create an effect for us to match Canopy
Market share very quickly.
Good Luck, ACB long!
quote=NoToShorters]mark my words with the volume and success this stock has been doing lately it will hit 10$ by new years. DONT SELL TO SHORTERS[/quote]