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Micro Penny Stocks, Penny Stocks $0.10 & Under
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TNOG > HOT OIL PLAY ON BREAKOUT ALERT
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[QUOTE]Originally posted by MsKay: [QB] Just remember, the people who are bashing a stock (or pumping either) are people who short these stocks. They pump it so that they can sell "borrowed" shares at a higher price. Then once the run has completed, they bash it and create doubt so that they can cover their "borrowed" or short shares by purchasing them at a lower price. So if they sell 1000 shares of XYZ at .015 today, supposedly within three days they must purchase the same shares to cover that sale. Of course they want to sell high and buy low so as soon as the run is topping out, they come out in droves and start driving the price down. I'll probably get negative stars from them for this post! LOL! [/QB][/QUOTE]
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