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Post by markado on Aug 25, 2021 14:53:46 GMT -5
I think - and this is just based on recollection - so, that can always be "dangerous" - that about half the short position was established pre-split, and about half, post split. The half post split was from $5 down to $.70. But, as we're getting close to $5, those shares that started at that PPS and went lower are heading to break even - no gain, no loss. One might think, that as we reach and pass the $5 mark, the short interest could drop by 15 million shares+. It's a nice thought, anyway.
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Post by uvula on Aug 25, 2021 15:01:05 GMT -5
Takes guts to short a $0.70 stock.
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Post by markado on Aug 25, 2021 15:10:59 GMT -5
Takes guts to short a $0.70 stock. I think it takes more guts to buy it. Potato, potato.😉 |
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Post by uvula on Aug 25, 2021 15:18:18 GMT -5
If I buy it I can't lose more than $.70.
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Post by mytakeonit on Aug 25, 2021 15:25:17 GMT -5
You are talking $.70 per share ... but, if you bought 1M shares ... then it'll be ahhh ... ahhh ... a lot more than $.70
But, that's a risk to reward kind of thing.
Actually, the risk is more that your wife will kill you if it goes down.
But, that's mytakeonit
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Post by awesomo on Aug 25, 2021 15:26:07 GMT -5
If I buy it I can't lose more than $.70. It's all about percentages, not absolute dollar values. You wouldn't buy 100 shares of Tesla the same way you buy 100 shares of MNKD at $0.70. Usually you just spend a fixed amount of dollars to purchase shares, like $1,000, in which case, your purchase of MNKD can certainly be hit very hard by a few cents of movement because you own way more shares. |
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Post by goyocafe on Aug 25, 2021 15:26:52 GMT -5
If I buy it I can't lose more than $.70. In percentages, that would be 100%, a total loss. I know shorts can get in bigger trouble than that, but 100% is bad enough for me. 🤔 |
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Post by peppy on Aug 25, 2021 15:27:03 GMT -5
You are talking $.70 per share ... but, if you bought 1M shares ... then it'll be ahhh ... ahhh ... a lot more than $.70 But, that's a risk to reward kind of thing. Actually, the risk is more that your wife will kill you if it goes down. But, that's mytakeonit MTOI, I was here at .70 you were averaging down. plenty. Real life moments. |
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Post by markado on Aug 25, 2021 19:06:23 GMT -5
You are talking $.70 per share ... but, if you bought 1M shares ... then it'll be ahhh ... ahhh ... a lot more than $.70 But, that's a risk to reward kind of thing. Actually, the risk is more that your wife will kill you if it goes down. But, that's mytakeonit It's all relative, MTOI. Especially, when there's a spouse involved! |
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Post by longliner on Aug 30, 2021 22:10:14 GMT -5
From Centralcoastinvestor Has anyone noticed that all of the short volume daily numbers on shortvolume.com/ stopped on 8/25/21? The daily number usually comes out at 3:00 pm each day. I like to follow this number as it is interesting to see how short volume influenced the days stock price etc. I am wondering why and when it will be back online. My addition: www.sec.gov/comments/4-627/4627-95.pdf |
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Post by longliner on Aug 30, 2021 22:25:52 GMT -5
From Centralcoastinvestor Has anyone noticed that all of the short volume daily numbers on shortvolume.com/ stopped on 8/25/21? The daily number usually comes out at 3:00 pm each day. I like to follow this number as it is interesting to see how short volume influenced the days stock price etc. I am wondering why and when it will be back online. My addition: www.sec.gov/comments/4-627/4627-95.pdfI did not see a date on that, did it just come out today? Sorry porkini, I'm not sure of the date. It seems like a clear description of the damage naked short selling inflicts on a business. I'm sure you recognize the author. |
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Post by porkini on Aug 30, 2021 22:28:56 GMT -5
I did not see a date on that, did it just come out today? Sorry porkini, I'm not sure of the date. It seems like a clear description of the damage naked short selling inflicts on a business. I'm sure you recognize the author. No, sorry, is she my wife? If so, I'd like to argue with her...    |
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Post by longliner on Aug 30, 2021 22:31:22 GMT -5
Sorry porkini, I'm not sure of the date. It seems like a clear description of the damage naked short selling inflicts on a business. I'm sure you recognize the author. No, sorry, is she my wife? If so, I'd like to argue with her... Argue away. |
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Post by porkini on Aug 30, 2021 22:34:28 GMT -5
Opps, nop, not the wife. Ookeedookee, no arguments then...zzzz.  |
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Post by longliner on Aug 30, 2021 22:37:03 GMT -5
Central has an interesting observation about daily short interest. Can anyone verify the last few trading sessions?
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