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Re: Muz489 post# 7627

Saturday, 05/17/2014 7:46:09 PM

Saturday, May 17, 2014 7:46:09 PM

Post# of 9534
Not really, compared to all the money in long positions. Tim's one of the few who does it. He's to some extent popularized it, but most penny shorts don't take large positions--in part because large locates just aren't available--and usually exit quickly.

Shorting pennies is a pretty expensive proposition, and your fees may change at any time, without warning. In the wake of the PGFY suspension, IB made problems for a couple of guys who were short. Quite unfairly, too; if you're interested, you can read about it on the appropriate board.

If you think it's easy to make huge profits that way, I suggest you give it a try. You'll find the experience educational.