SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : JAB International (JABI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mr. Miller who wrote (721)10/30/1997 12:08:00 PM
From: DDS-OMS   of 4571
 
<If your broker can borrow it , you can short it.>
True. but then that's the rub--if a stock is not marginable--IT CANNOT be borrowed and therefore can't be shorted. Most brokerages wont margin a stock below $5, but there are a few that will margin lower prices, but NO broker will margin a stock selling for less than $3.

Ask your broker if you can short BCMD. He may say sure--if he doesnt have it in his customer's accounts, there are a couple of national search firms that will try to find shares available from some other broker, but none will be available. BTW, just hitting the minimum price to be marginable is not enough, most firms require the stock to trade above the floor for 20 or 30 consecutive days berfore they will let youu margin it.

I recently tried to short a stock selling at $3.75 with 35MM shares outstanding and trading average 500k a day,and could find no one in the US or Canada that had the shares to lend.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News