Recently the stock market has been reviving itself slowly, some say with the assistant of government and say without them. But its a good sign that market is coming back again to life.
In stock market, there are two way you can make money. Either you buy stock and hope that it will go up Or you sell the stock by borrowing from someone and hope that it goes down so that you can buy later at a cheaper price and make profit.
The second type is known as Short Selling. And they are in big-big trouble. Recently All the people who had bought share of Citi decided that its high time for them to do something so that those SHORTER do not steal their share and sell in the stock market.
So they started a campaign against these SHORTER. Don't let your stock be stolen from you. Here's are some of the interesting comment of the people.
Trust me fellow Long's, this will work. Join in and force the Biggest Short Squeeze in the history of the NYSE.
If you do the following, your broker will be forced recall your borrowed shares that the Shortie SOLD Short.
Place a limit order to Sell ALL of your shares, good til cancel at $15.00
If everyone on this board does this, it will force your respective shares to be covered by the Short.
This will be the trigger to the avalanche. Depending how it plays out; this could be the highest percentage price gain in the history of the NYSE.
Why? Citi is the #1 shorted stock on the NYSE and by A BILLION shares more than #2.
I have placed orders to Sell ALL of my shares at the maximum allowable price. $10. & $15.