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