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Re: Ronbo902 post# 28649

Tuesday, 08/07/2012 4:43:25 PM

Tuesday, August 07, 2012 4:43:25 PM

Post# of 63144
Brokers seriously don't like letting customers short penny stocks. If they let you do it it's because you have a ridiculous margin account (say, $2 per share... or more, heck I don't know I'm not going to try it).

Shorting 100,000 shares of SAPX would require you to sit on at least $200,000 in a margin account and the potential upside for shorting 100k shares is only $3000 (and that's if the price of that 100k shares drops to exactly zero).

The gain isn't enough for the risk.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y