HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Are you in the habit of selling your short when it reaches .01? Or do you let it sit? What's the point; it's made its max value.
I have this nasty habit of shorting and then when the stock hits .01 I sit there and do nothing.
The short has made all the money its going to make. I don't know what I'm waiting for.
Sometimes I WILL BUY the stock when it hits .01 and if it makes something before delist so be it, and if it doesn't the amount i lose in commission is so little, chicken feed, that it doesn't hurt. if i'm paying attention, the day trading that will occasionally move a .01 up would more than make up for buying all stocks at max that are .01 with the risk of them dead delisting (if they're old).
I have this tendancy to want to hold the short until delist, for completionist sake if nothing else. I was thinking that maybe what i'd start doing is, I'd sell the short, except for a specific amount, say 7 shares; that way i know that I'd held the short max and sold it at .01 whenever i see i'm holding 7 shares of a shorted position, and hold THAT until delist. Then perhaps put the money into the BUY position, looking for day trading to generate a small profit.
What does everyone do when it comes to holding a short position to .01?
Thanks!
Are you in the habit of selling your short when it reaches .01? Or do you let it sit? What's the point; it's made its max value. Dec 31, 19:39
Yeah, I meant cover. Yes, back when i needed the cash I would cover and re-short. Haven't done it in a long time. {nm} Jan 01, 01:09
I cover the short and move on...even though it may be at .01, there's a possibility it could go back up in price... {nm} Jan 01, 08:51
SSPEE adjusted to .01..... {nm} Jan 06, 05:28
I'm now at +6,100% on SSPEE, o wondrous penny stock {nm} Feb 08, 07:35
