RE:RE:Fabulous News...Now will MEG move?...Well folks, my eyes have now been opened as to how one makes money in the Stockmarket, you hold a long position and short the stock all at the same time...
According to the self appointed Stock guru Ocean112, he shorted 10000 shares today and made $600 bucks, 10000 @ 6 cents each, $1.35 down to $1.29. Smart feller...
But he omitted to include his losses today on his long position. Since he has 100,000 shares and the price dropped 17 cents each, he lost $17000 bucks on his long position. But his overall loss was only; 17000 -600 = $16,400...
Sometimes you just have to forget the noise...
Too funny...
Kherson
ocean112 wrote: well - i'd like to say I feel vindicated! - I ended up buying 100K shares at $4.55 average cost!! Sometimes you just have to go with your own conviction and forget the noise!