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Non-Tech : Shorting with Offshore Accounts -- Ignore unavailable to you. Want to Upgrade?

To: Lucky888 who wrote (44)2/16/1999 11:35:00 PM
From: Bear Down  Respond to of 127
 
Another myth, I can short anything over $3



To: Lucky888 who wrote (44)2/21/1999 2:38:00 PM
From: Vol  Respond to of 127
 
Re: shorting stocks under $5

What if you are short a stock that drops below $5 (hopefully on its way to zero)? I assume your broker lets you hang on to your short, but does the margin required suddenly change? Seems like there are many good stocks to short that hover just over $5 then dive toward the bottom after a while. I wonder if this is because shorters pile on just above $5 then hang on tight for the freefall. Anybody know how this works?

Vol


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