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DueDillinger

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DueDillinger

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Re: ergo sum post# 49876

Monday, 07/12/2004 3:40:09 AM

Monday, July 12, 2004 3:40:09 AM

Post# of 358440
Oh, you were serious? OK then...

The margin (credit) requirements in the US (see NASD Rule 3350) are the greater of $2.50/share or 50% of the price for stocks under $5. In Canada, (see IDA Reg. 100) the margin (credit) required is only $.50/share, so you'll have to have an account worth at least $500MM to orchestrate a retail short position of a billion shares.


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