Lance B's : Its A Beautiful Thing Message Board

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Technology Stocks : Lance B's : Its A Beautiful Thing

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To: ChrisJP who wrote (4609)	12/10/2000 12:07:05 PM
From: Tom Allinder	Read Replies (1) of 4792

Very good points ChrisJP... It is hard to tell though where shorts will cover if at all... I know of stocks that individuals held short positions in and rode them all the way down to 0 and never had to cover the short position. It was all pure profit. Also, as many of these NAZ stocks head under $1, under .50 they are in great danger of being delisted. Some of them will do R/S which wont help any of the shareholders or the company out but will help out a short position a great deal. According to my account, when I short a stock, I get the cash to spend... after all, I borrowed the stock and sold it to someone going long... Its my money now. Why would I cover if the stock I shorted was at $20 and is now .50 and going to do a R/S or go on the OTCBB... why would I cover that position? Tom

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