RE: Anon is the shortThe US allow only a % of the total oustanding shares to be shorted, in Canada up to 100%. Also until recently any stock under $1 could not be shorted, now its party time for the big guys. They use there unlimited funds to drive a stock down causing the little retail guy to sell on pure manipulation.
I have studed the trends since I retired a few years back have come to the coclusion "if you can't beat them" (Average down)
Instead of being shaken from good potential which "FNC" undoubtedly is. I buy a few at each level. eg I started at $2.00 and as of Monday $1 29. I also bought a few in the 1 70-60-50 and 40s. Instead of buying everything at once I keep a few bucks to add. Also I will sell other less likey near term stocks if she continues down. There is no point in selling at these levels if you didn't sell at $2 as the bottom is very close if not already there.
Selling is easy, getting them back can be tough, just think if Anon needed to get his 400,000 back quickly we would be $5 + if its based on good news. As I said before they won't be short for much longer. I would not sell them a share.
Happy New Year to all,
Cooper