Short Shelling
in response to
by
posted on
Aug 20, 2010 12:22AM
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
Short Shelling -bomb word play on short selling.
The way I feel comfortable doing it is holding most of my bulk shares as longs in one account. It's fun to look at when the SP rises, I don't look at it on decreases. A second account are for play where I bounce around from stock to stock for short term buys and sells when momentum occurs. For example, with Fancamp I bought a little in a spread between appr .47 to .50 and sold in a spread between appr .53 to .58. Now trying to buy back in, but I think were all competing with each other for re-entry. ha ha. It's got to be small, because if it's too large a trade, you move the supply and demand and you can't slip in and out easily. I call it a non-statement move -but that's my own wording -not a Wallstreet wording. For me, my method makes me less anxious, because I know my longs are secure, so I'm not exposed to losing out on what I recently interpret as an un-exepected BayStreet Connect motivated bounce of increased demand.
But I'm still learning.
Jerry, how about you?
So Noront has some of my longs which I can't bare to look at. But playing some short between 1.15 to anywhere above 1.30 pays the mochas at my favorite coffee shop where these older (more experienced) folk laugh at the risks I take. They rarely play penny stocks. But it's different raising profits to retire on vs. profit to raise a family. I play Cliffs short because it's hard to get much leverage at those prices, but it's a consistent fortnight 4 to 6 percent up and down "short play". (I use leverage to mean more shares for the buck).
Speaking of "short play," we at Agoracom use short selling often to distinguish from long selling. But it is often confused with meaning the borrowing type of shortselling, which I've not done. We need to establish a definition that distinguishes "short" as in not "long". Suggestions. What terms do Baystreet or Wallstreet use when talking casually with each other?
U.S. can't borrow-style shortsell ROF companies. Can Canada?
-sg