GREY:CHALF - Post by User
Post by
SuperBull51on Jul 30, 2018 1:37pm
153 Views
Post# 28386243
Shorters would not sell shares now...
Shorters would not sell shares now...
justLooking for wrote:"Seems to be an endless supply of shares for sale at .22...Shorters are leading the show." We have good momentum. Shorting on the uptick would not be smart, in this stock, because GLH is rising mainly because of its intrinsic qualities and value, especially at this price. Shorting a rising stock makes no sense. The selling is done by traders who are satisfied with 10 to 20% increase in a week (remember the wall last week was at 18.5 cents). Some of the buying is also done by day traders, with the same intent. Reaching a good positive momentum like we have here is rare these days, investors should enjoy the ride. It is a much too common mistake to sell with such a low return.