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Penny Lane

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Penny Lane

Re: researcher59 post# 311

Wednesday, 06/17/2009 8:15:14 AM

Wednesday, June 17, 2009 8:15:14 AM

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researcher - shorting SPNG?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38717035

I've yet to make any serious effort into finding brokers that allow shorting penny stocks. Atrade and Etrade don't allow it which is utter nonsense. One must sign 20 documents, obtain margin account, hold a certain balance minimum, but is NOT allowed to short a 100% scam such is SPNG. The SEC could accomplish 50% of it's task in one fell swoop by demanding EVERY broker allow shorting pinksheet stocks, 99% scams.

Will you share with us any info regarding how you were able to short SPNG? Difficult? Easy? High margin?

TIA
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