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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Rosemary who wrote (2450)5/22/1998 12:53:00 PM
From: BlueCheap  Read Replies (1) of 4783
 
I could be wrong, but to short, doesn't the bid have to go above the short before the short can be covered. Like if you short at .09 and the bid never gets above that price after you short, as I understand you can't just go in and cover because the price is now .08 and you could make a .01
I'm not that up on this but I think it is something like that and thus makes is one of the issues which makes shorting so risky..
Comments and corrections are very welcome, I would like a clear understanding also...
Regards,
Malcolm
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