HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Shorting $2 IPOs
I get the logic of shorting $2 IPOs, but I get burned on them so often. Ghost Team (GHSTM) today increased $1.77 to $3.77 despite 20 million shares shorted. Some times there's a slow descent back to sub $2 after that, but that might not be until the movie is near release.
What i don't get is how so many short something and the stock increases. Probably due to people who shorted yesterday covering during reset trading. And the reset traders seem to not mind screwing over the casual traders who don't log in every day.
well, now you'll never forget them...hehe :D {nm} May 19, 15:04
<INSIDE>. May 20, 00:42
Wow. Thanks May 20, 09:14
<INSIDE>. May 20, 10:29
Shorting $2 IPOs May 24, 06:45
I did the same thing at 5million I was stuck there for about a month since I did lots of trade chasing... {nm} May 20, 04:02
