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Re: Stocknut post# 121

Thursday, 01/25/2018 11:10:49 AM

Thursday, January 25, 2018 11:10:49 AM

Post# of 256
Whut makes you think that somebody is shorting this Stock?
Did you ever check Margin requirement for shorting such stocks?
Here the Rules for one of the most preferred Broker foe short selling stocks: IB

For short positions, the maintenance requirement on stock greater than $5, is $5 per share or 30% of the stock value, whichever is greater. For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater.


https://ibkr.info/node/285

So in order to short lets say 40,000 shares here you'd need to have at least $100k (fees not included) free in your margin account...

Do you really think that is done in order to bank just a few hundred bucks, if lucky?

Sorry i just can't stand this short nonsens in real pennies and especially in sub-pennies anymore.