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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?


To: BigTex who wrote (1045)8/21/1998 6:11:00 PM
From: Rock_nj  Read Replies (1) | Respond to of 5908
 
I think that IDCN will make its next big run sometime next week when the company sets the date for the shareholder meeting. Hopefully, it will be the run that finally pushes the stock out of the single digits.



To: BigTex who wrote (1045)8/21/1998 6:18:00 PM
From: Amir Feinsilber  Read Replies (2) | Respond to of 5908
 
Thanks for the information.
How is selling short any different than a regular purchase. If I buy a stock at $10/share and it goes down to $5/share, then I loose $5/share. If I short the same stock and it goes up to $15/share, I still loose essentially $5/share. Is this correct, or am I wrong?

The only difference I can see is that you're betting that a stock will go DOWN instead of UP. Are there any other restrictions, such as having to SELL the shorted shares at a specific time, or can you hold on to them for as long as you want?

Using conventional methods, you don't loose until you sell. Is this the same for shorting?

-Amir