InvestorsHub Logo
Followers 738
Posts 76151
Boards Moderated 0
Alias Born 01/01/2012

Re: oknybt post# 516

Saturday, 12/29/2012 12:54:38 PM

Saturday, December 29, 2012 12:54:38 PM

Post# of 1436
So you shorted SRGE - I find that hard to believe!

The shorting is a myth on all pinkies.

The average investor can't or it is extremely difficult to short a penny stock - the margin requirements are just cost prohibitive. You have to have $2.50 margin per share to short a stock under $2.50.

If you want to short 500,000 shares of a stock at $0.004, you have to have $1,250,000 in your account, and 500,000 shares at $0.004 is only $2000.

The good thing is you won't get a margin call unless it gets over $2.50.

Look at the math and your numbers don't make sense.

But the shorting sub-penny stock myth is in full force at allnd dumps.

IG
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent KGC News