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.
Strategies & Market Trends : Roger's 1997 Short Picks

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Charles Corbit who wrote (4260)7/24/1997 9:17:00 PM
From: Jon Tara   of 9285
 
Charles, in order to be shortable:

1. The stock must be marginable. There are certain stautatory requirements (for example, a stock may not be marginable for a certain number of days after an IPO), and the broker will have both financial (e.g. $5 stock or $4 stock) and arbitrary (e.g. broker things the stock is risky) requirements. Bottom line is your broker gets the final say in every individual stock.

2. Your broker must be able to borrow the stock. This means one fo their customers has to have the stock in a margin account, or else they must be able (and willing) to borrow it from another broker.

1. may not be strictly required, but as a practical matter 2. dictates it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext