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Re: StockSage post# 19300

Wednesday, 09/25/2013 12:22:27 PM

Wednesday, September 25, 2013 12:22:27 PM

Post# of 120682
SS.....ok, then please share your knowledge.....

I can't short a non-marginable (and, PHOT is a non-marginable stock) via my TDAmeritrade platform)....

and......

here's what Scottrade says (the link follows; I added the red):

Canadian stocks, options and any stock below $3.00 per share is not marginable and therefore cannot be shorted. Structured fixed income products, which include bonds tied to equities or indexes, are not marginable at Scottrade.



http://research.scottrade.com/public/knowledgecenter/help/article.asp?docId=6623d65fddad4997b1a1eb0f4c760393

here's more:

Not all stocks may be borrowed and shorted. The shares must be available to be borrowed and the stock must be marginable



http://www.tradingdirect.com/help/Trading-Rules

related info....FINRA definitions and rules; pattern trading/day trading:
https://us.etrade.com/e/t/prospectestation/help?id=1307030000







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