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Replies to #45321 on PCT Ltd (PCTL)
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Egold

01/10/20 2:57 PM

#45327 RE: Bobbakista #45321

Can't short a IRA. As far as brokerage account most brokers charge a boat load to short a pink if you can find one that will. Then like I said before there is the FINRA requirements 2.50 per share. retail shorting in the pinks a myth.

Prime reason you can't short in pinks it today... any shorts would be taking out a loan to cover if we keep this sp.

MM's can short but they will cover on the other side. In the end its all based on making a market buys and sells.


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jesuslovzu

01/10/20 2:59 PM

#45328 RE: Bobbakista #45321

Great question!


You can't short stock in an IRA.

I believe that if you own stock in an IRA that it can't be borrowed to short for the same reasons.

So this strategy of putting a limit order on to lock people out of shorting/squeezing those who already have would only apply to brokerage accounts rather than IRAs.

Again... good question!