Stock over $3.00 is usually marginable , well hmmm, on the short side it sure as heck is and if your shs are in a margin acct then the Scotttrade person you spoke to is misinformed as they certainly can be borrowed and likely already are. In the USA the central clearing outsift CCID?, CDIC? or somethng like that anyway, has the shares and brokerage houses like Scott Trade have them as a book based entry and to say they can't be borrowed is rubbish that its like a cash acct. I had mine in a margin account and had them switched into a cash account and you should to. 10 bets they're lazy and just don't want to do it for you. I'd never have a stock like this onmargin but just don't think that their rules are the same as another brokerage house's internal policy cause its not.
For me if a short squeeze forced the issue I'd be surprised why you can't have an open order at say $25.00 off the current mkt range. Sad if they'll only give you $17 but for me I'm happy to stick them in believing that if the stock started trading up I could get my order cancelled before it hit $17.00 and was executed but that's your call.
I guess its about how closely you pay attn to the day to day market.
cheers
In closing was told that rebel20 on Stockhouse .com or .ca in Cda will endeavour to keep daily closing tables up for peole to look at after a trading day. Don't know how long that will last,lets hope only 30 days until NASDA listing then he's out of a daily grind favor to the rest of us.
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