Elite Pharmaceuticals Inc (ELTP): No, my account doesn't allow borrowing o...

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Elite Pharmaceuticals Inc (ELTP)

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Re: kennyt 335 post# 96306

Tuesday, 03/11/2014 3:13:05 PM

Tuesday, March 11, 2014 3:13:05 PM

No, my account doesn't allow borrowing on penny stocks and certain other very volatile stocks but it does allowing borrowing on the more "blue chip" type stocks. I know I can't borrow on my ELTP shares (even though I have an account that permits me to have margin) but I was trying to avoid having my broker lend those shares out to shorts. Just as I don't use stop-losses I was trying to prevent shorts from being able to borrow my ELTP shares.

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