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Strategies & Market Trends : From the Trading Desk

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To: KFE who wrote (4931)3/27/2002 6:05:36 PM
From: Don Green  Read Replies (1) of 4969
 
KFE

So in the case of Nortel and Lucent, to short these stocks you need to borrow them (a.k.a.) provide 100 of their value to the lender. then short it. Is there a level where it must be covered lets say $1.00 for example? I was told years ago you could only short a stock below $5.00 if you made special arrangements with your broker before hand.

Thanks

Don
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