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shotsky

12/13/17 8:50 AM

#141112 RE: Homebrew #141104

That finra report is updated twice monthly. Two snapshots of the status when reported. The current one is from Nov 30. Margin requirements on sub penny stocks make it prohibitive based on how little money you can make and how much you can lose if the stock rises.
I have yet to find one single ihubber shorting sub penny stocks. Everyone talks about it, but few do it.
The 10K Finra number equates to about $60. Who on earth would spend that $60, plus put up $2.50 per share margin for another $25000, JUST BECAUSE they are betting that the stock will go down.
That $25K can't be used to buy anything, and you can't withdraw it - it is locked away until final settlement.
Why would you lock up $25K hoping to make, say, $10 on a stock IF and only IF it goes down, and you'd lose if it goes up?
So, yeah, they are shorting ONCI....NOT.