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Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?


To: kingfisher who wrote (1786)12/3/1998 10:42:00 PM
From: Tupulak  Read Replies (1) | Respond to of 2346
 
Richard,
I am not sure where you live but you can short at any price but certain brokers have certain rules. Here are some guidelines that I have from a course I have taken:
$2.00 or more per share..150% of current market value
$1.50 to $1.99...........$3.00 per share
$0.25 to $1.49...........200% of current market value
under $0.25..............100% of current market value + $0.25 per share
Option eligible Securities..130% of current market value
But keep in mind you also have the proceeds from the sale and the value you need in the account is like a margin account.
Curtis