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Microcap & Penny Stocks : NETZ - gets deal with DEC! future 100 bagger? -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (14)11/15/1997 6:06:00 PM
From: Don Lachot  Read Replies (1) | Respond to of 1702
 
He shorts high and continues to short, causing the stock to slowly sink, since he shorts just enough so that there is slightly more selling than buying. Of course, this causes an avalanche of selling as most play the charts and see the stock sinking and so they sell, causing exactly what the short wants. The short may cover on the fall and/or on the bottom. Anyway, it's simple. If you have enough money you can crash a penny stock by shorting, and it's done everyday.



To: KZAP who wrote (14)11/15/1997 10:20:00 PM
From: mike mulhearn  Read Replies (1) | Respond to of 1702
 
KZAP

What the shorter does is borrows someone elses stock and sells at current price. He is then hoping stock price falls and continues to fall. The more it falls the more he makes. If the stock starts to turn upward he has to buy the stock back to cover. If he shorts a stock at 15 a share and it drops to 10 he makes 5 dollars on the share if he buys back at 10.

Mike


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