Keep in mind that if you sell at $1.70 to buy back at $1.20 you are effectively shorting the stock yourself, just in the reverse order to how a shorter does it and without the risk. I sold some MPL only to have it go higher and now i am reluctant to buy back at the higher price, so just like a shorter but without the downside.
Keep in mind that if you sell at $1.70 to buy back at $1.20 you...
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