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Lil' Jon

03/01/11 10:56 AM

#29832 RE: farviewhill #29827

Well thanks for that Farviewhill. But first off, most brokerages don't allow shorting under $5/shr. And if they do, it is very cost prohibitive; like $2.50/shr margin. So, to short a 1000 shares, you need $2,500 in your acct. To try and short one million shares at .0001 would require $2.5m in your acct - the shares only cost $100/m at $.0001. To short pennies successfully you need to find stocks that shot up 100%+ and short when they peak. And you better be damn good at calling that too because if it turns out to be an Elliot wave........