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dc_350

07/18/06 7:31 PM

#17258 RE: sidedraft #17240

I do not believe that US brokers will allow shorting a pinkie.

In regards to Canada this post is enlightening:

Posted by: Jim Bishop
In reply to: mikesharen who wrote msg# 3589
Date:3/23/2006 5:49:34 PM
Post #of 10961

Mike if you can find a broker anywhere in Canada that will allow shorting of penny or subpenny pinks let me know, I can't find one.

Minimum MARGIN requirement in Canada to short stocks under .50 is 100% PLUS FIFTY CENTS PER SHARE.

Things changed up here two years ago.

http://www.investorshub.com/boards/read_msg.asp?Message_id=10322137&txt2find=margin

Kind of makes you wonder about all this shorting going on...