GREY:FNKLF - Post by User
Comment by
mcuglyon Jan 03, 2015 1:40am
159 Views
Post# 23281832
RE:Hi Mc Ugly..... Hmmmm. Doesn't sound right as an intro. Lo
RE:Hi Mc Ugly..... Hmmmm. Doesn't sound right as an intro. LoWhat makes you think that this company doesn't care about jobs and family? As for financing, nobody is going to scale the ladder or make points with a company like First Nickel.
As for the shorters, let's put things in perspective. If you short a stock at $10/share and it drops to $1.00/share you earn $9.00/share. If you short a stock at $.015/share and it drops to $.05/share you earn $.01/share. There's no real value in shorting a penny stock unless you trade it daily. The risk,however is that if you short a stock at $.015 and it goes to $.10 you lose $.085/share. Nobody, in their right mind should short a penny stock at $.01/share because the downside risk is $.01/share but the upside risk could be disastrous.