Wexler: I remain ahead in IDTC. My average is quite low and I have already made plenty of money in trading my shares.
If you prefer, I would be happy to sell all my IDTC shares in the morning and plow all the cash into REFR. If I do, the price will be above 30. IDTC may drop lower, unfortunately.
Only a true boor would suggest I have only 100 shares of REFR or keep referring to it as a fraud. I have well over a million in REFR and perhaps more than 2. The absolute amount is not important. I have never questioned your claims on how much you have gone short. What is important is that your logic is faulty. You can not keep doubling up indefinitely and can easily have your shares covered for you by your friendly broker. My shares are safe even if we drop down to 10, and we won't.
And, you have a fantasy that you can cover when news comes out. That might be true, but is obviously false if you say you and your buddies will short ever more at higher prices. If we end up with millions of shares shorted, you can not all cover when the news comes out and we get a mammoth squeeze. I would like to see that. Forget that I asked you to cover. :-)
Of course, since you claim it is a fraud, why wait to short when it gets higher. Why not throw every penny you have right now into the stock. If I see it move down, I will have an excuse to dump IDTC and buy REFR. Can you handle several hundred thousand shares?
Your bravado does not impress me. Your premise is false and you might as well consider minimizing the damage. Even if you choose not to cover, and I would prefer you didn't, you have to wonder about throwing more wood to burn on the bonfire.
Tell you what. I will leave and not come back before the stock hits 30 and check to see if you still need reminding. |
