Short or Long - All I have always said be aware of the riskThis is all for entertainment only, has no real basis, and does not reflect on anyones reality.
It does not comment on any real events or people or refer to anyone now in existance or passed. No opinion is presented or implied.
So for your entertainment or not.
This is a very simplified version of what can happen.
Forget shorting for a moment your betting on shares going down: the traders are waiting for your money. They have a job to do and that's it.
If there is no trade there is no mony, the stock just sits there. lol
While the price is going down the remaining assets look better better all the time to the targets they a bring to lunch, like I have said before in that nice restaurant in the tower.
I usually do not deal at this level, I'm big picture take the "pss sniff test", do my dd, and either invest or walk.
If I do decide to take on a job (for example like you broke the 100 cm poo pipe in the city block excavation and you've got 1m liters ph coming in, here's my price, cut the check or I walk, I don't do finance). Amazing how fast moni comes in... lol Anyway.
Do as you please. Trade high trade lo. This stock is probably going to bobble up and down under a buck for a while yet. And the day traders sitting at level 2 are going to play you like Yukon grayling; they're waiting. I suggest you leave this stock alone. ;)
it's possible some of the promo artists here right now are either day trader 2 bits or paid promo artist at 2c a pop working you hard for inv. house $.
Inv. houses right now are playing both sides of the coin and more. Take your money, drive the price down and in the meantime yap to the next possible ownership (if at all possible, they want moni, yours)
But lets pretend your a person who just got here and your thinking here's my road to my private Boeing 747 complete with drinkin lounge or a Mustang GT500 or your next 80' sloop, whatever.
Forget shorting for a moment (don't wast your time) there are investments houses that can play that better than most retail investers.
Traders have much better view of what ppl are up to with the stock. lol
So you buy 100,000 shares (77,000$) (and sit there waiting for this to up 7.50$)
BTW there's millions of shares available that are not in play just sitting there doing nothing. lol
Now it goes down a .03$ buddy your down 3 big ones just like that.
So how big are your *alls? They better be monstrous! It's called trading the more you trade the more money you lose, I mean give to them. lol
Or better yet you wake up the next day and CEO has declared full tilt stop (he's fed up and doesn't want to face the music) the COO's CFO's and CEO's and VP's are going to be like vapour ware in the 60's.
The BoD is just going to resign. They all have the right to do that. if there is no proven wrong doing away they go happily skipping along... Just like that.
Then there are a number of things that immediately happen and they are not good for your investment. lol BTW my trading platform analysts give this a 50/50. And I don't belive the 4$ price... it's nonsense.
The best thing to to is walk away to something real, if you really have the itch go by a mine with multiple mines and say at least 3b in value with a nice large cash runway and it's been around more that a few years.
Sorry In the real world VG is a one trick pony (sorry investors) that "cost" 650m to build and 150m of that was consultants, engineesr, fees and so forth lol
It's a lot of money but it the mining world it's a small junior hat now has hurt a lot of investors. Will the mine come back, maybe, will the price rise to it's fomer glory of 2 months ago (the news was going on about how this thing was the best ever)? Who knows.
But I still believe just because the tranny's broken do you throw away the whole car if it's a 120,000$ Vette and it's your joy and Chevy wants 10k for a new tranny?
Well what you gonna do? My advice forget this, take your 3g$ go to Dawson and throw it at the CAN CAN girls while at Diamond Tooth Gerties while they are dancing, you'll have more fun and the local economy will love you while your drinking that Sour Toe Cocktail. Burp. :)
I know it's an ugly call. You can sit on the.8$ and wait a while, it'll go up if there is a glimmer of hope of a cash injection and the management team gets out there and beats the wolves from the door.
But one thing for sure if I had this stock I would sit tight, the large amount of the investment is in the gulch already, but there is still inventory that is proven to produce profits.
If management is not out there looking for a HLP replacement (but no HLP) and cash then it's a management team that was broken a long time ago.
Best