InvestorsHub Logo
Followers 70
Posts 403
Boards Moderated 0
Alias Born 05/14/2012

Re: wEaReLeGiOn post# 58

Friday, 06/28/2019 11:09:43 AM

Friday, June 28, 2019 11:09:43 AM

Post# of 105
Selling short is impossible in a cash account. If you are selling shares and you own them then that isn't selling short. That is just selling. I am amused that you conclude that I don't know what short selling entails when you write, "a cash brokerage account and shares of the security in question sitting in their account; they are able to sell short the security."

I've been making a fine living primarily shorting OTC stocks for twelve years. If shares are available to borrow they are shortable at brokers such as Interactive Brokers and specialty brokers like Centerpoint Securities (I use both). The problem is being able to borrow the shares -- sometimes there aren't shares available to borrow or in the case of BEAG my primary broker IB decided to restrict trading in the stock to prevent any clients from opening new positions (long or short).

If I were convinced that BEAG would drop big quickly I could short at Centerpoint now, paying a $0.012 per share borrow fee per day.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.