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Technology Stocks : The Panda Project (PNDA)
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To: Rubber Man who wrote (998)3/25/1998 3:29:00 PM
From: chester lee  Read Replies (1) of 1521
 
John and Rubberman,

If you are serious about shorting PNDA at these levels expecting the share price to pummel further, then you might want to call your brokerage firm and ask to talk to the manager about shorting a stock under $5 for ALL CASH. I've only done this once, (at Quick and Reilly) for PCAM for a delisting play. PCAM got bought out and I eventually lost money. Nevertheless, I was able to short at $4-1/2. You are still required to maintain $5 worth of margin (or in this case, CASH set aside for leverage).

Also, PCAM is a good example of what can happen when a small <$5 stock goes up. You can lose a lot of money fast.

Chester
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