Seekingalphacontributor Tuesday, October 07, 2014 8:35:09 PM Re: Dr post# 142438 Post # of 175204 I am the same Matt Finston that said "I want to short FITX." I called my brokerage and tried shorting it at .067, well before I wrote that most recent article on the company. Sadly, my brokerage said that to short just 4,000 shares, I had to put up $10,000 for the margin. 4,000 shares? You mean lock-up $10,000 just to short $268, where my maximum profit would be $268? Yeah, I would love to short FITX. Just not worth locking up $10,000.
Now If I could have shorted $10,000 worth of FITX at .067, that would've been nice. I could have taken home $3800 in profit. But $101.84? I'll pass.
Any ideas on how to short this without the crazy margin requirements? Looking at interactive brokers. any others?