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Re: tax_man post# 16685

Thursday, 05/31/2007 1:01:13 PM

Thursday, May 31, 2007 1:01:13 PM

Post# of 27673
This is an interesting note in regards to ... can these Brokers allow short selling on the OTCBB and Pink Sheets.

"Ameritrade to Offer Short Sales of $5 and Under Stocks
5:25 AM EST
Posted by Thomas J. Catino
The newest site feature on Ameritrade is that there is a new way to trade small cap stocks. It is now possible to short sell stocks under $5. No longer are market makers only able to engage in short sales of smaller companies. Another change coming soon will be free level two quotes for pink sheet securities. This should come in direct competition with many brokers such as Alphatrade, that have long thrived on providing special small cap services. Yet, when promoting these new features, Ameritrade makes it clear to point out that when trading OTCBB and pink sheet securities, you can lose your entire investment. It's a no brainer, and so is there ability to finally offer these services to investors. It has been a long time coming."

http://www.antandsons.com/2005_09_01_antandsons_archive.html

So for those who think that you can short Pinks/OTCBB ONLY offshore had better wakeup. Notice the company? Hmmmm who was the biggest culprit in the JPHC/PAVC fiasco?

Argonath

Argonath

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