RE:All it takes is 1 share and 1 cent continuedIts traded over 4MM shares in 4 sessions (above average volume) to drop the price 12%. Its not 100 lot orders doing this damage, you clown.
The game goes like this:
- I dump a large order of 50 million shares for $6 a share
- A few months later I sell short another 30 million shares for $5 a share
- A few months later I sell short 10,000,000 shares for $4 a share
- A few months later I sell short 5,000,000 shares for $3 a share
- A few months later I sell short 3,000,000 shares for $2 a share
- A few months later I sell short 2,000,000 shares for $1 a share
- At the end of this special operation (bear raid) spanning many years my strong hand would have sold short 100 million shares for $513, 000,000 ($5.13 per share on average) bought by some 20,000 retail investors who are now faced with two options :
1- Surrender to my shakeout and sell for $1 and realize their paper loss.
2- Realize I am a financial bully fishing for liquidity and hold the line against my wish until I get squeezed for thinking I could squeeze 20,000 hands.
You make it sound so easy to make a good company drop 80% in a couple of years. Try that with a good stock and see how you do. If it does in fact drop 80% over 2 years, well, it sounds like it was a very expensive stock, and it was a great short. Thats called good trading. I assume you haven't bought any yet and are waiting for the $1 to get in and squeeze the shorts? You didn't buy at $6 did you? That wouldn't make sense....that would make you a moron, if in fact you know exactly what is happening here.