You're playing the SHLD game too? I went with puts so that wouldn't happen, but they were so expensive that even though it's working out I won't make a ton from them.
low volume small caps/penny stocks and short squeeze
- Thread starter luisHK
- Start date
I did when they were trading around $23 a few years ago. It was pretty obvious that the shareholders were going to be left holding the bag there. ESL investments loans SHLD all the money with the valuable real estate as collateral...and controls enough shares to create a short squeeze. Gee, what could go wrong?
That was a good lesson in the costs of shorting crap. Made a little on it, but nothing to justify the risk.