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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?


To: Daniel Miller who wrote (1837)5/10/1998 3:05:00 PM
From: Crossy  Read Replies (1) | Respond to of 9440
 
Daniel
no - don't get me wrong. My impression is the stock will go down post split - at least to $10. But beware. When You go long You can only loose what You risk. When shorting You bet for a penny and can loose the farm. It's the risk reward ratio which is even more unfavourably when shorting that refuses me to "recommend shorting". The more volatile the underlying is, the more You can loose when shorting. OTC/BB are the most volatile section out there. Another hint why not short an OTC stock.

Apart from that my stance on MCYX is bearish. I wouldn't short but won't buy in as long as this trades over $1..

best wishes
CROSSY