Replies to post #51197 on Apple Rush Company Inc (APRU)

[grantastic]

I don't know firsthand but there's no reason I know of they would not allow someone to short APRU.

The big issue is, like with all penny stocks, you need $2.50 in equity to short every single share.

That means If i want to short 100,000 shares of APRU, i need to have $250,000 cash in my brokerage account.

So let's pretend someone puts $250,000 into a brokerage account, shorts 100,000 shares of APRU, collects $1,500 proceeds, and then waits for the price to drop 50% so they can cover and earn $750 profit.

Tying up $250,000 to earn $750 is absolutely ridiculous. You can make $5,000 year guaranteed just putting that money in a high interest bank account. There's literally no reason for someone to risk so much money hoping to earn less than 1/5th that amount.

This is the reason that all the people claiming penny stocks are being shorted are either fools or liars.

Really? Learn something new every day. Do they allow you to short APRU?