PhosCan Chemical Corp PCCLF

RE: short squeeze

[hanginthere99]

Thank you very much for your reply. I think i understand what you are saying: My broker sells my shares, eventhough they are mine, creating a false impression that shares have been sold when in fact they have not - I still have and own my shares - correct? Because these shares are not real shares, hence if the stock goes up in price he is forced to purchase shares to cover the money he owes. I mean, for every penny the stock goes up, he actually owes someone cold hard cash. So, to stop owing someone cash, he can quickly purchase the amount of stock he pretended to have PLUS pay the price of whatever price it went up. Is that correct? OK, but what if the stock goes down? I guess because he sold stock he never owned they now owe him money because they took the chance it would go up. In short, what this amounts to is out-right betting. Two parties betting where the stock price will go using OTHER people's real stock purchases as a basis. So, come to think of it, if enough people are participating in this venture, it could actually affect the real price of the stock. Is this legal?? Do I have this correct or am I missing something? Thank you again for your reply. It is GREATLY appreciated! This is But he sells them anyway in the hope that the stock will go down. Once it goes down, he purchases "real" shares and makes a profit had my broker lend my shares to a client when he was "called-in". first signs of a short squeeze coming. If you're short be careful