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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: LastShadow who wrote (966)10/7/1998 9:44:00 AM
From: Susan Saline  Read Replies (1) | Respond to of 43080
 
oops

amzn down 7 .... think I misquoted cnbc ... was not xcit



To: LastShadow who wrote (966)10/7/1998 11:05:00 AM
From: Jeff Sutton  Read Replies (1) | Respond to of 43080
 
LastShadow - or anyone - stocks under $5

When a stock sinks below $5 (AFCI, for example, currently 4 3/4), this means you can't short it, right?

Any data on what happens to a stock that slips under the $5 mark?

Since it's no longer marginable, some people have to sell, I suppose.

On the other hand, since it can't be shorted anymore, would this exert upward pressure?

Just curious if there is any data on this.