Laser,
Ok, lets say that you are right about this stock. Now, how can I legally short it, not being a market maker or a Canadian?
Does the Canadian market keep records of short transactions by stock and are there reports generated that I may have access to?
Shorting is a valid methodology to me, and I do it frequently. I may short the Canadian Dollar tomorrow or in the near future. I have no fear of shorting the CD, but I must tell you that I would be scared to death to short a $.44 stock that could double or triple or worse overnight. If you are short this stock by some mechanism, you must be either extremely rich, extremely crazy, or in great danger of being extremely broke!!
What you have here is a limited downside and an unlimited upside. You may differ in your opinion, but I would feel lots more comfortable with shorting a 200 dollar stock that might go to 225.
Now, there are three positions that you can take. You can be long, short, or flat. Where are you?
P.S.--ARE YOU RELATED TO ANYONE WHO WORKS FOR THE AZDOM? |
