Friday, December 22, 2023 8:02:27 AM
Trust me, no one is shorting SPZI, and if you don't believe me, just try to short 100 shares and see what your brokerage says. The first thing they will say is that they will not short penny stocks.
But if they WOULD, you would have to put up a margin of about $2.50 per share. So, you have to give up $2500 cash to the brokerage, AND buy those shares at the lower price that you're going for, and then you'd have to hope the price drops. So let's see, you're hoping for a 10% drop. From $0.002 down to $0.0018. If it happens, you will make .0002 X 100, or 2 cents. But if it doesn't drop, your $2500 is in jeopardy, and they will use it to force you to pay the higher price. Obviously brokerages don't see that as a value situation for them, so they simply don't permit it on penny stocks, which are those below $5.00 per share.
I challenge ANYONE to short any penny stock and PROVE it. No one has met that challenge in the last 15 years. So, while people constantly gab about shorts, in reality, those of us that understand the system know they are blowing smoke.
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