Shorting stocks: Mechanical aspects Message Board

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Strategies & Market Trends : Shorting stocks: Mechanical aspects

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To: Shoe who wrote (11)	6/3/1997 2:51:00 PM
From: Q.	of 172

Shoe, re: << how big a short account does one need before a broker will pay interest on the balance?>> Aufhauser is the one discount broker I know of that pays interest on short balances for small investors. Their minimum is probably about the same as for any other discount broker. Before you choose them based on their paying interest though, you might want to do some calculations: compare the interest you will earn (a few percent) to the higher commission that you will pay compared to using Aufhauser's sister brokerage Ceres or eBroker, which are merely other branded front-ends for the same Ameritrade brokerage firm. Do this for an actual scenario: X shares sold short and held for Y months before covering, and see which way makes you come out better. Check them out at www.aufhauser.com etc.

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