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Thursday, 11/11/2010 9:04:07 AM

Thursday, November 11, 2010 9:04:07 AM

Post# of 3775
So people know...

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

Watch out for the Dancing Banana

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