Wednesday, September 10, 2014 6:29:48 AM
Shorting these "penny scams" in the OTC is indeed almost impossible for the average retail investor....
I personally have tried, with BOTH of my trading accounts..( ETRADE ) & ( TRADE KING )....could NOT do it.....
There is one site I found that MAY be possible on ( INTERACTIVE BROKERS ) , and that's IF they have the shares available .....first problem is the MARGIN required to accomplish said task...it's $2.50 PER SHARE...so let's say one wanted to short say 100,000 shares of NTEK.....it would take $250,000.00 (two hundred fifty thousand ) DOLLARS up FRONT for margin requirement......all for the potential ( VERY RISKY )MAXIMUM profit potential of $ 5,000.00 ( five thousand ) which is like a .5 % PROFIT ........who in their right mind would risk THAT much cash for such a LOW REWARD.......NOT MANY....
NTEK........shorting only in FANTASY LAND...
Some people dream of success, while others wake-up and work hard at it.
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