GREY:AVGCF - Post by User
Comment by
MountainHikeron May 22, 2001 10:21am
262 Views
Post# 3769751
RE: Curiosity
RE: Curiositybandit69
Just out of curiosity I have checked inot this stock based on a mention in another forum. I see that last year this stock did the same thing...high of .50 low of .14
This year a high of .64 and a low of .12
Though the chart looks good...I would have serious reservations about this stock especially if it is in a foreign country. Maybe a person should short this one?? How does a person do this?
You want to short a stock based on something as flimsy as that??
To short, all you do is call your broker and say, "I want to short XXXXX shares of AVR traded on Canadian Venture Exchange." There, that is not so difficult.
But before you do, you understand that if this stock moves upwards significantly, you losses are substantial. Let's say you short 20,000 shares at $0.50. Then it moves up to $1.50. You have just lost $20,000. You see, when you shorted at $0.50, you got $10K. And when it hit $1.50, you owe $30K, leaving you in the hole at $20K.
And before you go rushing to short stock, you might want to atleast read their recent press releases.
Have fun, but don't say I didn't warn you.