Saturday, October 14, 2017 2:35:43 PM
Call your broker and ask him if you can borrow 1 million shares of DRNK stock to short - after he stops laughing he will tell you that you shouldn't be investing and you might want to do more research on how shorting works.
You do understand that you borrow shares to short and sell them into the market - then when the price drops you buy the shares you borrowed to repay the broker and your profit is the difference.
But there are margin fees, transaction fees... and don't forget the $2.50 rule. The $2.50 rule is in place in case the price increases instead of decreases.
Here is a example - you borrow 1 million shares of DRNK - which you sell at 0009 - then the price drops to 0001.
You sell them for $900 and buy them back at $1000 - so your profit minus fees is $800.
What you are saying is impossible - buying and selling at the same price (0.0001) would be Zero profit minus transaction fees - so each trade would result in a loss.
So posting a 0.0001 stock is being shorted us complete nonsense.
IG
"Straight Facts Homey!"
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