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You do understand that IB enforces the $2.50

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I-Glow Member Level  Monday, 03/20/17 08:00:45 PM
Re: pennybuyer11 post# 14757
Post # of 16491 
You do understand that IB enforces the $2.50 rule - so call them up and ask if you can borrow 1 million shares of MMEX - then they will ask if you have a Margin account with $2.50 million in it.

From IB:

Maintenance Margin = $2.50 if Stock Value <= $2.50

"For short positions, the maintenance requirement on stock greater than $5, is $5 per share or 30% of the stock value, whichever is greater.  For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater."

http://ibkb.interactivebrokers.com/node/285

Shorting penny stocks isn't economically feasible.

IG


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