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bleepblopbloop

04/23/14 3:48 PM

#8482 RE: wetcement #8481

Right, you need a margin account. If you get the wrong customer service agent they'll just give you half the picture. Then again, I'm with Etrade.

mutjin

04/23/14 4:46 PM

#8488 RE: wetcement #8481

Yes I'm trading on margin and have more than that. Here's my convo with support:


15:43 jk: Hi, Is it possible to short OTC stock through TD ameritrade or through thinkorswim platform?
15:43 Scott_FW: hi, TD Ameritrade views all OTC stocks as non marginable, so you cannot short them through TD Ameritrade
15:44 jk: ok b/c i have a friend that is able to short OTC stocks through td ameritrade
15:44 jk: is that a unique situation for him?
15:45 Scott_FW: no, he would not be allowed to either. do you no which stocks he sold short?
15:45 jk: no i do not
15:46 Scott_FW: they may have just been low priced Nasdaq stocks
15:46 jk: ok thanks

Are you sure you shorted OTCBB or pinksheet stocks? Sometimes it could be low priced NASDAQ or other exchange stocks. I have shorted low stocks before like ZIOP and others.