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Friday, March 26, 2021 8:43:56 AM
Yeah, I know that everyone KNOWS you can short penny stocks. Prove it.
But if you COULD, you would have to put up a TON of money to make pennies. And you might lose it. Penny stocks are volatile. They can go up or down on a whim. Why would anyone risk thousands of dollars betting a penny stock would go down, instead of buying the stock and betting it would go up. At least, if you buy it and it goes down, you still have it. If it goes up, you 'win'. If you could short it, and it goes up, you'd lose your MONEY.
Brokerages don't permit shorting penny stocks, period. Call your brokerage and ASK about it.
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