InvestorsHub Logo
Followers 63
Posts 2372
Boards Moderated 0
Alias Born 01/21/2010

Re: farviewhill post# 29827

Tuesday, 03/01/2011 10:56:02 AM

Tuesday, March 01, 2011 10:56:02 AM

Post# of 92948
Well thanks for that Farviewhill. But first off, most brokerages don't allow shorting under $5/shr. And if they do, it is very cost prohibitive; like $2.50/shr margin. So, to short a 1000 shares, you need $2,500 in your acct. To try and short one million shares at .0001 would require $2.5m in your acct - the shares only cost $100/m at $.0001. To short pennies successfully you need to find stocks that shot up 100%+ and short when they peak. And you better be damn good at calling that too because if it turns out to be an Elliot wave........

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.