I contacted E-Trade just so some can see that you can NOT short OTC stocks
Thank you for your message regarding shorting a penny stock.
Penny stocks or OTCBB stocks cannot be sold short.
If you are interested in Short Selling, please find below the requirements for short selling:
- You must have a margin account. - E*TRADE must be able to borrow the shares for you in the first place. - The security being sold short must be a marginable security. - Short positions are subject to buy-in at any time if E*TRADE cannot continue to borrow the security. - Day orders only. - OTCBB stocks are not eligible
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