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Happy to see this thread! I would like to know how you would explain :'Short squeeze' and the effect.
If a PR comes out saying there will be a short squeeze at .04. How would you handle that.[?].
I was not sure and passed up a selling opportunity because I had my sell in higher. I dumped 1/2 at a loss because I got so disgusted with the stock and it's demeanor.
I kept 1/2 to see what would happen but I would like to recover my losses and .04 wouldn't do it for me but I thought this squeeze might take it a little higher. Not knowing for sure what that meant. An answer I can understand will be appreciated. Thanx, Lucky
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Go to www.buyins.n_t for great info on short selling and squeeze trigger prices. The trigger price is where short sellers MUST buy to cover their positions if they don't wanna lose their shirt. That drives the price UP. Using that info one can get a good idea on where to jump into a stock on an uptrend. The site boasts 85% accuracy and I find it to be pretty close to the mark.
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Can I short bb's or pink's if I use offshore brokers? I know they can bend the rules as far as daytrading goes, how about other things?
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I had a margin account for short selling but got tired of seeing my profits going back to my margin instead of cash. And I don't like the risk of margin calls cramping my style either. Went back to an all cash account after that and happy i did.
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