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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: EaglePutt who wrote (58861)	2/27/1999 6:25:00 PM
From: CoffeePot	Respond to of 119973

Selling stock that you dont have or that hasn't been borrowed could subject one to fines and or restrictions by the SEC or your broker From Etrade: Short Sale Requirements You must have a margin account. Please see The Margin Account. ***** ETRADE must be able to borrow the shares for you in the first place. The security being sold short must be a marginable security valued at $5 or more per share. The trade can be executed only after an uptick (or zero-plus tick for listed stocks).* I'm pretty sure both rules in bold have SEC origins All the above is to the best of my knowledge, I suggest you consult with a licensed broker before making decisions regarding this topic.