Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: ciVic who wrote (12215)	5/22/1999 6:02:00 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 16892

Yes, you can short stocks via Datek. Shorting in general is easily done, you just sell a stock you don't own. No specific procedures are necessary. You only have to look whether you have enough margin (150% of the stocks value, calculated against the total cash including the proceeds from the short sale), and whether the stock is marginable and shortable. (No "NM" and no "NS" flags). There are a few limitations to that. No stocks under $5. No recent IPOs. And almost no internuts, whose volatility is over a certain level (appearently). They are not marginable which is, at Datek, equal to not shortable (applies to stocks like ONSL, EBAY, MALL, UBID, OMKT, MZON, NAVR). In addition some stocks, like CMGI, FIBR, NITE, GMAI, SIEB, are not shortable (but marginable).