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Microcap & Penny Stocks : GTCI - get in before the news hits

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To: blessed who wrote (723)2/18/1999 2:51:00 PM
From: ztect  Read Replies (1) of 1541
 
Blessed....

Please list the names and numbers of any brokerage firms that allow you to do this..Each brokerage house sets their own rules....And most do not let the following occur..

Plus please also provide the firms that have this stock to short...that is a big IF ....

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"...They can be shorted if the stock can be borrowed. If your clearing firm has it, and can be borrowed, you can short it. Obviously such stocks typically are more difficult to borrow and may not be marginable, but it can be done.

Note that if the stock is under five dollars, the position may not have any loan value, that is, it may be nonmarginable. As a result you may need to come up with 100% equity for the short position, or up to $5 per share depending on the clearing firms' margin requirements...."
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Again many firms don't even let you trade bb issues....

So again please list me with the names of firms that allow you to do the above and happen to have shares of this obscure 'bb' "on hand"

z
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