Thursday, February 25, 2021 5:14:38 PM
Frist your broker has to allow it. With Schwab you need special permission and put up additional funds in your margin account.
Second FINRA has this thing ... costs $2.50 per share to short a penny stock.
Doubt many would see that as a money making opportunity since over the last few months the stock has been trading in a tight channel....
Lets see the numbers say someone wants to short 100,00.
besides broker fees FINRA charges $2.50 per share x 100K,, I wonder who's putting up 250 thousand bucks to what maybe make 5% lol
Wait what if it goes up 10% that's a hell of a margin call.
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