Post by
Investorswin on Jul 08, 2021 2:46pm
News release should be imminent.
This upcoming news release will likely be the one that decides this companies future. Either the shorts will crush spo and make off like the thieves that they are or the longs will push through the resistance and force the shorts to panic buy spo way up. So either sell everything and take your loss now or buy all that you can afford now and push your chips all in to scare the shorts out of spo. It's crunch time now.
Comment by
brengold on Jul 09, 2021 7:42am
I agree, the shorts have 100% control of the stock. A name change to change the direction of the stock! Let's keep it real. Solid numbers in case loads shipped, and potential REAL customers and lean on expenses could gradually work this stock. I'm still a little apprehensive right now. Still waiting for 1.5.
Comment by
paracelcius on Jul 09, 2021 6:58pm
https://www.disnat.com/en/learning/trading-basics/short-selling/what-is-short-selling
Comment by
paracelcius on Jul 09, 2021 7:00pm
Restrictions There are many restrictions on the size, price and types of stocks you are able to short sell. For example, you can't short sell penny stocks and most short sales need to be done in round lots. Short selling also requires that you put up margin. As with a margin buy (long) transaction, the percentage required varies depending on the eligibility of individual securities.
Comment by
RiskyBiz928 on Jul 09, 2021 9:09am
Short a 2¢ stock? Not far to fall - not worth it. They borrowed in at 10 I would imagine and are all but gone now.