RE:RE:RE:RE:ShortdataAmen old_dog! Traders would be absolutely crazy to go short at this stage, but then again they have their own agenda.
old_dog wrote: Sunvalley wrote: Good evening old dog. We should keep in mind also that short selling is commonly used by whoever to control the price . The" Boyz" short sell often to further their nefarious purposes and they have no problem with naked short selling if it furthers their agenda. In my view short selling is poorly regulated if at all , especially on the Vulture exchange.
Yes they do, but I don't know if I'd go naked here...that dosesn't sound right!!!!
That being said and moving on....folks are hoping that the tax loss selling will continue and drag the stock lower, the way I see it they shorted at the basement level. Bad call and if the desired News everyone is looking for comes soon someone is going to take a bath.
One of the largest investment firms in Canada gave up short about two years ago and this firm was notorius for shorting stocks to death. The CEO was on BNN and stated that when he went back 10 years and ran all their numbers where they shorted and if he had taken all the money and gone long the firm would have done substancially better. Shorting and naked shorting are dangerous unless you have a REAL CRYSTAL BALL...THAT WORKS.....and if the CEO of a major invesment firm that had a history of shorting stocks tells you they are out of the shorting game then you should open your eyes and take heed....You want to make money on the down side then sell the stock...put the money aside and buy it back when it drops lower...but at the same time your going to miss some of the upside as well.
old_dog