PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: Currency who wrote (17833)	11/6/1998 11:36:00 PM
From: ISOMAN	Read Replies (1) of 43774

Not really. In the case of PRWT, I wouldn't touch it with a short if you held a gun to my head. Here is why. If you bought at 13 cents long, you stand to lose everything if the stock hits 0 What if you short at 13 cents, and it runs to $3, kinda like BAAT did. You are dead, I mean you are bankrupt if you did any size of a position. Remember I said a Quebec Broker would let me short a $2 otc with %200 down. Can you imagine if you shorted at 13 cents, say $5000 worth, (so $10,000 down) then a day or so later it runs to $3.00 and the broker calls in the margin. and you have to come up with $220,000. Whoo whoo great deal. Think it doesn't happen. Go to the NPCT thread. Short selling will give you the runs. The evil shorting you talk about comes from people like Thomas Kernagan. He lends money to companies in the form of floorless debentures, then shorts the hell out of the stock. Look at AGTI, and Aptx for two example of the many he has done that to.

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