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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Henry D who wrote (3470)7/7/2001 1:32:19 PM
From: Dale Baker  Respond to of 6873
 
If you can't cover them on the pink sheets, the IRS will make you declare them worthless eventually and pay up on the capital gains.



To: Henry D who wrote (3470)7/7/2001 2:04:09 PM
From: ChrisJP  Read Replies (3) | Respond to of 6873
 
Hi Henry, unfortunately, there are lots of rules preventing no-brainer shorting of penny stocks.

1) US citizens are not allowed to short the OTCBB. You have to do it from a foreign account.

2) I believe there is a certain price under which you can no longer short a stock. Maybe $5.

Chris


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