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Alias Born | 11/11/2006 |
Friday, October 25, 2013 1:23:39 PM
As far as the $2 per share collateral, I can't see any broker that would risk shorting any penny stock for less than that. If you are not charged at least that amount and you short a penny stock that skyrockets, you will lose your butt. If you do not have the cash to cover then that puts the broker holding the bag and they will not do that. You can think what you want, but I have sat at the bar several times with my friend who worked as an M&M with CINN and he filled me in on a lot of details. The room where they trade is like a war room, it is guarded and only trading personnel are allowed in.
Anyway, I've said all I am on the subject. I posted two links that show 0 short interest and they are updated every two weeks.
Now, I just wanted to say that I bought in today at .0035.
Go NECA, the low float will take us higher and higher!!
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