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Microcap & Penny Stocks : JNNE Jones Naughton: Go Online via Kiosk -- Ignore unavailable to you. Want to Upgrade?

To: wallstreeter who wrote (474)4/7/1999 1:06:00 AM
From: Chris K.  Read Replies (1) | Respond to of 4824
 
wallstreeter,

I am a Canadian an I can tell you that my brokerage firm as well as 95% of all other one do not allow the general investor to short any otc-bb stock !!

In order for someone to have that kind of leverage with a REAL broker (not online), they must have a HUGE portfolio. Usually, these types of investors rarely mess with penny stocks!!!

I guess it could be done as I have heard many say BUT there ain't a whole bunch of people that can do it thus it shouldn't account for a big % of the day's volume!!

CK



To: wallstreeter who wrote (474)4/7/1999 9:22:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 4824
 
wallstreet, I said the same thing, but the brokerage house will want to have a massive portofolio they can liquidate in case the stock runs against you. I doubt that any small investor is allowed into that game. If you own an ironclad collateral (like a floorless convertible), that is another story, but the best of my knowledge JNNE does not have such instruments.

Zeev


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