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Microcap & Penny Stocks : Universal Medical Sytems (UMSI)
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To: GeneM who wrote (690)12/23/1997 3:14:00 PM
From: Skaar  Read Replies (1) of 1672
 
Gene,

I surely don't know much about shorting stocks. Never done it. I found it interesting that you can't short a stock selling for under $5.00...is there some market cap limitations as well? I noticed on another thread:

Message 1499389

they seem to be shorting stocks selling for under $5.00. I read a few
messages on that link, and it appeared some people were able to do it, and others were not, or a least having trouble with their broker in that regard.

I have vowed to get off my kester and look the matter up in the Code of Fed. Regs., but I thought you might clarify your understanding of this messy shorting business to me first.

Thanks,

Skaar
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