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Re: trader59 post# 80414

Wednesday, 07/24/2019 9:29:05 PM

Wednesday, July 24, 2019 9:29:05 PM

Post# of 146816
Yes but that calculation isn’t really “tying up X money to make 1.3 cents” . As you just said different brokerages charge different amounts , but are also calculated in your credit with the institution, the size of ones exosting holdings and numerous other things. I don’t bother with margin accounts for any reason. I like cash and carry because it allows me to be the degenerate I enjoy being without any of the stress. However I have many friends that do and they aren’t required to hold anywhere near $2.50 per share shorted lmao. Also someone could have shorted at near $0.02 so then we’d have a potential shorter needing to tie up far less than $2.50 a share thinking he’d make up to $0.0199 a share lol. I was merely disputing a “for example” being passed off as a mathematical fact when it was anything but that. At the same time I agree it’s absurd to short any penny stock due to the occasional parabolic nature of some, BUT for anyone CONVINCED this is a corn sludge empty shell about to be cancelled /in the greys any day now it would seem THE PERFECT STOCK TO SHORT. It’s interesting that both longs and cancel fantasy warriors would all agree that this is a bad stock to short!

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