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Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?

To: Hogger who wrote (12522)11/20/1998 1:06:00 AM
From: wonk  Read Replies (1) | Respond to of 26163
 
Shoprting [sic] penny stocks is illegal...

Who says so?



To: Hogger who wrote (12522)11/20/1998 1:14:00 AM
From: Janice Shell  Read Replies (1) | Respond to of 26163
 
Shoprting penny stocks is illegal for a very good reason...

This is one of the more common SI myths. Shorting penny stocks is NOT "illegal". It is difficult for the small investor to do. Most brokerages don't want to mess with it because it's a pain for them. But Auric's explained more than once how to go about it. You need a large account and must be willing to meet very considerable margin requirements, but it's by no means against the law.


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