posted on
Jun 01, 2008 10:45AM
What is the short position on this stock. I cant see anyone being brave enough to short a stock at .24 cents unless they have some very good insider information. The most they can make is .24 cents a share if they are right but the downside is unlimited. If any news comes out a 24 cent stock could double on very little volume so a shorter could easily lose his shirt. For starters a shorter has to put up 36 cents a share and for every two cents the stock goes up the shorter has to put up another penny. Good way to go broke unless as I said before they have some solid information