LOCAL STOCKCROOK TALKS ABOUT SHORTING STOCKS ON THE OTCBB .
To: PartyTime who wrote (78278) 6/20/2002 5:23:33 PM
From: Francois Goelo Read Replies (1) of 92099
>>> Party, Informative, Polite, Gentle, Ethical Shorters...
is a New specie under Development, now that most of the foul Mouths are gone, as you have no choice, but follow the general Market trend... If, on average, 75% of stocks close lower, then 3/4 of your trades should be on the short side, unless your goal is to exert yourself trading in order to become a Pauper...
But, it can all be done in a gentlemanly and pleasant way, not necessarily involving OTC-BB stocks...So far, I have only shorted listed stocks, with good results, although it would be nice to be able to add the occasional obvious BB Scams, such as IVSO...
Message 17631471
Imagine, coming on a thread and explaining nicely and in friendly terms why the stock is grossly over-valued and likely to go down... Or, not visiting any threads and shorting based on Fundamentals and Technical Analysis...
It would be very helpful to have a dedicated Chat-room, where to bounce information off more experienced traders and for example, picking 1 or 2 Daily Down-Gapper, to sell short before the close ...
I define a Down-Gapper, as a stock that has received bad News during the day, trades over 300,000 shares, on average and goes steadily down into the close... Chances are that in the 30 minutes following the opening the next day, the stock will gap Down substantially, as investors not trading during the previous day, react negatively...
Since you have lots of time on your hands and need to learn about shorting, perhaps you could get the Chat-Room started, using MIRC, for example...
JMHO, F. Goelo + + + |
