OK, what does this mean?
"FINRA short sales of NTGL
74% of today's volume was short sales!"
What's FINRA? I'm thinking of buying
10K shares of NTGL because it goes up
and down so much, I might make some
money. Buy low sell high.
Oh ye of little faith!
From my understanding of short selling,
you do it because you think the stock
will drop and then you buy it back at
a profit. So 75% of the stock sold today
was by short sellers who were convinced
the stock would drop. Right?
This thread is designed for discussions about Nanotek, Nanotek gaming, its stock, its products, and its personnel.
As a stock holder in both companies, my interest is more than casual.
OK, no fear of a rule 7 suspension guys, so have at it.
I'm down $651 on the gamble right now but I still think there is a chance they eventually get bought out by a major studio or cable company. They have a viable product and are well positioned in the 4k industry, with real contracts and income on their financials. The question is will the next best thing come out before 4k even makes it. There's a fairly good chance of that happening.