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Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (1066)1/21/2001 9:47:24 PM
From: RockyBalboa  Respond to of 9012
 
Thanks MB, I paid a look at the page you mentioned.

It lets me sell short low priced stocks (even < $1) and much more warrants, umm. That can be hazardous. But for scalping it could be a nice thing, as you mentioned.

Indeed funny. They have SYQTQ on the borrow list...but then, no XLA.



To: Mama Bear who wrote (1066)1/21/2001 10:19:55 PM
From: RockyBalboa  Read Replies (1) | Respond to of 9012
 
barb,

there is one more thing. For shorting, on the order page I can sell as well as "sell short". The manuals do not elaborate on that:

SELL:
To take on a short position in a particular security/commodity.
SSHRT: Sale of a security or commodity futures contract not owned by the seller; a technique used (1) to take advantage...

Now I heard that at another broker (using RT3 or CyberTrader) sell short is mandatory for opening a short position and entering a plain "sell" is illegal if there is no approbiate long position to sell.

How does IBT behave? Is there a technical distinction or are both ways leading to the same result?