|From: hedgefundmgr (Rep: 15) reply to jianwei||Date: 05/12/2017 14:01|
|Forum: Function(x) Inc - Msg #363||Thread #673926654 (Rec: 0) |
|Re: I think there are a lot of small hedge funds that short the hell out of t...|
Let me add that any institutional shorting of a penny stock is not done for daytrading purposes. It's to watch the company go into the ground. BK. Lights out.
There is a very serious possibility FNCX is lights out. And IF there is institutional level shorting...they have plenty of resources, mostly time, to wait that out....
I don't think its the case but it's possible. If institutional shorts were put on, it was long ago before it hit $0.65...that's a certainty. Once they started missing those debt payments and defaulting....that's when the word goes out and that sort of thing gets done...from here they're just biding their time. IMO.
But hey,, scalp a few k shares for some pocket lint...easy lunch money, right?
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