Replies to post #33739 on Hangover Joe's Holding Corp. (fka HJOE)

[I-Glow]

That isn't accurate. IAB stated very clearly: Interactive Broker has a "Maintenance Margin = $2.50 if Stock Value <= $2.50"

https://www.interactivebrokers.com/en/index.php?f=marginnew&p=stk#stocks-us-02

And also from IAB:

For short positions, the maintenance requirement on stock greater than $5, is $5 per share or 30% of the stock value, whichever is greater. For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater.

As always - call your broker and ask if you can borrow a million shares to short.

Who in the world would tie up $2.5 million to control $4000 in HJOE stock?

IG

[TenKay]

If they have shares available to short (and they have none for HJOE) and you maintain the ridiculous margin requirements on the short position.