GGR: GeoGlobal Resources Inc [was GEOG was BOWG] (2000 + )
- Whirlwind
- Hu
- Hu
- KLR
- Hu
- Hu
- Hu
- Wendell
- Hu
- Whirlwind
This archived discussion is "read only".
For the corresponding "live" discussions, post in the active topic forum here.
« Previous 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 Next »
» Whirlwind - Re: Re: Re: Three Up Days
In response to message posted by Hu:That's the danger shorters face. So you get an A&P to recruit cutthroats to short a company into the ground. But if some stupendous news comes out of the blue, even the most careful short could be done in. I have heard of a penny stock that went from .03 to $30 in a week. No way for a short to recover there. You can tell when the stock has bottomed by the short-covering volume.
Anybody have a site where pennystock short positions can be viewed?
-- posted by Whirlwind
» Hu - Re: Re: Re: Re: Three Up Days
In response to message posted by Wendell:Didn't view it as referring to a company's honesty (or lack thereof.) What is an honest company, anyway? Would we all answer the same? Probably it'd be easier to cite and agree upon certain examples of dishonesty than it would ever be to mesh a perfect (theoretical) model of honesty around. Heck, who can find an honest man anymore (say nothing of an entire company.) Honesty seems to be something assigned in terms of relativity any more, don't you think?
But, let's talk business. Ideas or "things" that have enough value others will pay "enough" for them. Is that simple enough? That's basic business. Now, how good or bad, large or small, long or short, moral or not, viable or not... so on, so forth... are all adjectives further defining what sort of business it is. Some of the ways we qualify business (i.e., a company) have very straightforward lines of demarkation. Does it make money, or not? See the point?
Perhaps honesty is a term that's more appropriately used in relation to people, and the people that run companies, than a specific line that either "does or doesn't get crossed" by any particular business. Maybe I'm wrong. but it seems we just about have to leave it at "legal or illegal." (Because of such an inherent shortage of honest people nowadays.)
So if we see honesty is a very important element to our own personal "business" experiences... what do we invest (or trade, or deal) in and with? People or... not?
-- posted by Hu
» Hu - Re: Re: Re: Re: Three Up Days
In response to message posted by Whirlwind:As far as I know, no one (not even the market makers) have the ability to know what the short positions of an octbb stock is (outside their own firm), as there is no reporting of it that is ever required. So, aside from being aware of what their "buddy marketmaker's" net(short or long) positions are, even the best of them don't know. Granted, some might gather a pretty decent clue from the information they gather dealing in the market for it on a day to day, moment by moment, basis... but that's very precious and valuable information! And don't think that "all marketmakers" are buddies. They're not. In fact, slicing a nice fat chunk out of some suckered in, ill-informed competitor is... well, it's just plain business!
-- posted by Hu
» KLR - Re: Re: Re: Three Up Days
In response to message posted by Hu:"...In fact, it's probably much, much easier to reason why the stock has been professionally shorted (brokerages can short any stock at any price)..."
How does that work? Brokerages, like everybody else, have to borrow the stock to short. [unless they are shorting against the box, but that's another matter]. A short sale is an actual sale of an actual stock. Many times a broker cannot fill a short on a particular stock because he can't borrow it.
Stocks under 5 bucks are penny stocks and cannot be margined nor shorted.
-- posted by KLR
» Hu - Re: Re: Re: Re: Re: Three Up Days
In response to message posted by Hu:Furthermore, if (always the "if") there is a struggle ensuing between certain "behind the scene" forces (i.e., marketmakers) over this particular issues... it will quite likely be resolved only by and with a violent and extreme move one way or the other. Depending, of course, on whether the "mover and shaker's" bluff is finally called... or if he really was dealt a full boat.
What's that leave us? Same thing we've always had... a wing and a prayer.
-- posted by Hu
» Hu - Re: Re: Re: Re: Three Up Days
In response to message posted by KLR:There's an ocean full of brokerages and players that are well "outside" the FTC's restrictions. To boot, BOWG's last press release so much as stated a number of shares that might be issued in the near future would't even play by certain rules... (which more brokerages than you might imagine get away with ignoring anyway!) The press release stating that didn't bother me in the least. Maybe I've simply adjusted and am rather calloused to it at this point. After all, I've been aware of those probabilities for a long time now.
True grit.
-- posted by Hu
» Wendell - HONESTY
As far as investing and honesty goes, one individual comes to mind at once. If everyone had the integrity and honesty as one John Bogle of the Vanguard Funds this would sure be a different investing environment as is being displayed these days. Glad to see this thread getting some play recently, still holding onto my BOWG shares but soon I may get the urge to sell. It sure is nice to have at least one stock in the black. I have really taken it in the bermudas the last couple yrs.-- posted by Wendell
» Whirlwind - Re: Re: Re: Re: Three Up Days
In response to message posted by KLR:http://www.interactivebrokers.com/index....
This brokerage allows penny stocks to be shorted. CBJ's on their short list.
-- posted by Whirlwind
« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 Next »
Please follow the guidelines set forth in the Suite101 Posting Etiquette when adding to the discussion.