InvestorsHub Logo
Followers 3
Posts 407
Boards Moderated 0
Alias Born 12/13/2016

Re: cjstocksup post# 58752

Tuesday, 03/20/2018 3:41:22 PM

Tuesday, March 20, 2018 3:41:22 PM

Post# of 116605
"Shorting ... penny stocks is a complete myth."

That is in direct opposition with what my three brokers just told me today. You are obviously mis-informed.

Here is the deal: If I want to short THIS stock I have to put up $1 equity for every share I sell short. Think about that. To sell short 100K shares I would earn about $1930 from the sale but I would tie up $100,000 equity as a guarantee that I could be able cover the short should it run against me.

Shorting is certainly NOT a "myth" but it is an incredibly lousy deal for a retail seller and great for the broker. But the opportunity is there if you want to take it. "Pity the Fool..."