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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Leroyt who wrote (14197)4/28/1998 4:49:00 PM
From: Buster  Read Replies (2) of 27968
 
I am on the line with my Schwab broker to see if
I would be able to short Famh. It seems to depend
on if they have stock in inventory. He is checking
right now...

Okay, he said that the stock has to be marginable and
they would have to have it in inventory. They can go
out to other firms for inventory but firms usually do
not lend out shares if the price is under $3.00.

It doesn't look like I could short Famh through Schwab
because they do not have the inventory. He was a bit
vague in describing which stocks are marginable. I thought
the rule of thumb was $5 stocks are marginable but he
said that is not true. I believe that if Schwab
had the inventory and I had 100% of the funds to back up the
short position Schwab would let me short Famh.

Not that I would:)

Buster
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