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Re: wilma6311 post# 310756

Monday, 10/27/2014 10:00:08 AM

Monday, October 27, 2014 10:00:08 AM

Post# of 326338
Wilma: It is impossible to issue a short sale transaction at .0001. I was going to say, "for obvious reasons" but clearly it is not obvious. If I short a stock, I purchase those shares at a price less than current market price in the hopes that I can later purchase those shares at the lower price.

At .0001, the broker would cancel the short sale because a) the share cannot be purchased at a lower price, b) the transaction value is too low for a margin account.

Here are the short sales dailies from FINRA. Search NEOM.

http://regsho.finra.org/regsho-Index.html

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