Friday, September 29, 2023 12:03:14 AM
It also means that, in order to short a stock, you have to use a broker that is willing to do it.
And if you find a broker, you will have to put up a margin to cover the loss if it goes up instead of down.
The margin is in the order of dollars, even if the stock is only valued at .001.
So, 10000 shares of stock would cost you about $25000 dollars in margin JUST to place the trade. And, if it goes down to .0009, (10%), you could make 10000 X .0001 or 1 dollar. but if it goes up, you would be paying with your margin. I know math isn't everyone's strong suit, but even an idiot should be able to see that shorting penny stocks makes no sense, let alone that brokers won't even do it, because it would be a waste of THEIR TIME to do something that could not possibly make sense, or make money for them.
Another one to put on my ignore list.
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