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Hard To Borrow Stocks: Short Sell What You Can, Only When Key Prices Are Breached

 April 09, 2008 08:42 PM
 


All of a sudden there's a ton of crap stocks looking perfect for PennyStocking: (AGEN), (COT), (PSTI), (GBRC.PK), (CNOA.OB) and (NCEN.OB). Why then did I choose only to short PSTI…because it was the only one with borrowable shares!

[Related -Cott Corporation (USA) (COT): A Potential Sales, Margin Acceleration Story In 2014]

As I posted towards the end of THIS post, PSTI's pattern is the EXACT chart pattern that made me a millionaire by age 22 and it's why TIM is up now 46% since November 2007. Can't short more than 10,000-30,000 shares (this time around at least, liquidity willing you can sometimes get up to 100,000 shares), but ideal for smaller traders/investors in the $2k-$100k account size. … (visit site to read more)

[Related -Dividend Roundup: DTE, ALE, ATK, COT, TE, WAB]


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