GGR: GeoGlobal Resources Inc [was GEOG was BOWG] (2000 + )
- Whirlwind
- Hu
- Hu
- KLR
- Whirlwind
- Whirlwind
- Kirk
- Hu
- Whirlwind
- Hu
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» Whirlwind - Re: Re: Can You Short BOWG?
In response to message posted by Kirk:Agreed Kirk. Shorting by an individual is actually worse than doing the casino. Shorting only makes sense for the little guy if he owns the stock and expects volatility, thus limiting potential losses to $ of stock owned.
On the other hand, if you get an A&P type directing a cadre of shorters to hit one company, the stock price will collapse.
-- posted by Whirlwind
» KLR - Re: Re: Re: Can You Short BOWG?
In response to message posted by Whirlwind:...Shorting only makes sense for the little guy if he owns the stock and expects volatility, thus limiting potential losses to $ of stock owned...
If you short stock that you already own you are "shorting against the box". You have effectively locked in whatever profit or loss you have in the stock and will not be affected by volatility. Profits/losses in the short/long position are offsetting.
SAB is often used as a hedge to protect extisting profits without actually selling the stock.
BTW, I checked out that broker link http://www.interactivebrokers.com/index....
and could find nothing regarding possible shorting of penny stocks but couldn't find much. Can you give me some guidance here?
-- posted by KLR
» Kirk - 2/19/03 Market Close Comments
.BOWG since 12/1/02
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=469>
BOWG since 10/1/2001
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=469>
YTD Graph:
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=570>
Three knocks at $1.30 with rejection. Today a dragonfly doji candlestick... http://stockcharts.com/education/what/Ch...
after a small pullback.
BTW, I've taken profits… substantial profits that come from buying thousands of shares for as low as 12.5¢ a share. It is foolish to not take profits after a huge gain unless you are an insider and know something. My actual targets to buy a dip or sell a rally are in my newsletter where I can give a full disclosure and proper warning about the risk in this speculation.
Good luck!
-- posted by Kirk
» Hu - Re: Re: 2/19/03 Market Close Comments
In response to message posted by Whirlwind:Today I "re-adjusted" a number of GTC (Good 'Til Cancelled) buy and sell orders for trading this little dowgy, along with doing some ponderous reconsideration of the pro's and con's of the old "core position" in my account. (Some of which might surprise a few of you.) Perhaps I haven't been alone. But, there were so many variables that can, might or should be considered... I really did crack up with Kirk's Dragonfly post. After reading it several times, I'm still at a bit of a loss as to "the direction" it might be indicative of. (And it had no particular significance or influence to any of my decisions earlier in the day.)
And, being that it's trading in a price range that I've both bought and sold in at some point in time past, I suppose I'm not much in the mood to speak or say much yea or nay. It will go where it will go, with or without me.
-- posted by Hu
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