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Short seller

Friends / Co-victims,
I was wondering how the short seller of 1069 will cover his short position.
He sold more than 20 million shares but now he has to cover his short position.
How will he cover his position?
He will try to capitalize on our fear and panic selling.
But what if we don't do panic selling? The price might not crash.
Just a thought.
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  • Josephpierce1978 : I don’t know much about shorting stocks, I didn’t even know their was an option to put this stock, or I would have at the time order a call on it! What do you mean now he has to cover his short position?

  • Jaguar8 : There is more than one  short seller

  • SkipperDip : Where did you Get that Data? May we see it??

  • 72954915 : I kept on getting told they will resume trading end of the month and also heard 9/5

    Anyone know anything about this ?

    All depends on what the Aquisition announcement is… will depend on people holding onto the stock or buying more. If this happens our shares should go up. If everyone panics it will crash.  But the institutions are holding majority of the shares ( so in a way that’s a good sign )

  • Busy Bee : Let’s pump up the price so this dude is screaming out loud for his losses!

  • Scam-bait Busy Bee : [undefined]

  • Josephpierce1978 72954915 : This is just my dumb ass opinion, that the stock is going to tank or shoot up, depending on the news and that price is going to move in the premarket before we get a chance to sell, we might get lucky and the deal is so good that it attracts more investors to buy and their order is more than is selling and the stock goes higher, I see that there is what maybe 20 people has commented on here that has lost their money, I don’t think all of our shares together is even close to move the market, so in my opinion (which I’m wrong most of the time) believe it’s all going to come down to when the trading begins, if it tanks then it will convince all of us to sell in a panic, but…… let it start climbing real fast and watch!

  • Josephpierce1978 : Someone on here nailed it when they said I have my emotions involved and hopeful thinking,  I have 128,000 shares and that was everything I could come up with, I even went to my bank and took out a loan , drained my savings and betted all on this!
    Someone said on here they think the scammers got caught off guard with the halt, that don’t make sense, since we were told by them the 15th was the deadline to enter this strategy, the 15th was the first time it dropped, I think it went from 2.18 to 2.10, then it shot up to 2.25 and then it went down from 2.22 to .98 in the last 15 min of trade then shot up in just minutes from .98 all the way to 1.41 and then closed and the next day the stock was halted right before the market opened!
    I don’t think the scammers were stopped from selling what shares they wanted to sell,  I remember when I was first told about this stock , the market wasn’t open yet but the price of 01069 closed at 1.35 and Michael Kitces told me to put a limit order for 128.000 share at 1.63 and as soon as the market opened the stock went from 1.35 to 1.64 and I ended up changing my limit buy to 1.64 and it went through! So the stock going to 1.41 just looks like they took all our profit and just a lil of our principal, if the price doesn’t go any lower! I hope it all works out for us all!

  • 73015995 Josephpierce1978 : They always say last chance to buy before dumping a stock. Maybe you’re right, but then saying that doesn’t prove they knew about the halt, look at RETO and NGL, they said the same thing to people and them dumped it.

  • 73823287 Josephpierce1978 : I know of a bunch of people who have invested in this stock also. Look on yahoo finance at the comments on the 1069 page. There's a crap load of people there also. So we have a whatsapp group of people who are stuck with this stock for right now. If we can rally everyone we maybe able to not lose our life savings.

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