Quote from stock777:
Bond market says this one is in deep shiite.
Dont say I never told ya nothin
Quote from m22au:
This has been a topic of discussion since November 2007:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=108901
Quote from Cutten:
It doesn't matter if the stock has already cratered. If there's some info that can show it's most likely going to $0, then there's still 100% upside left in the trade. Shorting from $3 to $0 makes more money than shorting from $40 to $3.
Quote from Clubber Lang:
Agreed, but his post said nothing new that we already haven't known for months.
Also shorting from .01 to .00 makes more money than shorting from $40 to $.01, but the real easy money (risk/reward wise) has most likely already been made.
One look at stock777's history of "straight to chit-chat" threads is all you need to know about his trading knowledge.