If you want to short a stock you will need to have over $25,000 in your account. Once you have over 25,000 into an account you are considered a "brokerage" account and are also classified as a pattern day trader depending on your "round-trips" buy-sell, sell-buy, etc.
You can only trade the current day trade balance in your account which is usually 1.5-3 times your account worth. IE. An account with 100,000 probably has a DTB (day trade balance) of 250,000 to 300,000.
Stock under $3 as well as new IPO's are generally NEVER marginable per SEC and brokerage rules.
PHOT is at .05 cents and will more likely then not NEVER be marginable. This stock should have new investor eyes consitently based on it's third party press and industry regulation disappearing. Best advice, take out loans from friends and family and accumluate at the lowest possible prices. IMO the market cap for this company is projected to be around 200-250MM. This would mean we're looking at a price target of somewhere in the .44's to .52's.
With an online superstore and brick n mortar stores in the major states these numbers are easily attainable as a valuation for Growlife.
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