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Author Topic: Short Selling Restrictions
Free Muney
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Any one know a simple rule of thumb for short-able
stocks? it is frustrating to find a perfect short
canidate and then realize that etrade wont borrow
those shares. sometimes its even a heavly traded
nasdaq stock. i realize the trouble in borrowing
small cap stocks. is price a factor? i wanted to short dndn and i couldnt after the breakout. i
am also aware of the uptick rule. any help?

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Contrarian views always appreciated.... :p
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T e x
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try Interactive Brokers web site...dunno the url offhand

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Nashoba Holba Chepulechi
Adventures in microcapitalism...
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Machiavelli
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we all want to short penny stocks lol if we did we would be alot richer... but unfortunately most if not all brokers will not let us short them and if you find one i'm sure they have a very limited amount of which ones you can... for the most part you can only short stocks $5 and over...

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna
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T e x
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o, well...you can short some pennies, but the deposit/margin whatever is prohibitive, in my risk/reward scheme...

I think "Free Muney" is asking for a database/list of any/all shortable stocks, ie, he wants play short without going through the hasssle of finding a candidate only to learn it's not elegible...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...
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Livinonklendathu
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Here is the list of shortable stocks with IB:

http://www.interactivebrokers.com/en/trading/shortableStocks.php?ib_entity=llc

And the ones currently not / might not be available / REG-SHO:


http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSH O&tag=Reg%20SHO&ib_entity=llc&ln=

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......in Psychiatry circles it's known as a "warning sign"
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T e x
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somebody phishing IB account holders?

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/ f/2/t/014033/p/1.html?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...
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stocktrader22
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Wow interactive brokers, wonder how much it is to start an account to be able to short....amazing they have some pennies like AAGH you can short. This would be some easy easy money.

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Disclaimer: Not accountable for anything I say
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stocktrader22
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well....looks like .005 per share comission, so much for shorting .10 and under pennies.

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T e x
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started to post, but trusted you'd do the math...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...
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stocktrader22
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That's how they get you...yeah go ahead and short a .01 stock, but pay more in comissions then the amount of $$ you are investing.

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Disclaimer: Not accountable for anything I say
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T e x
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ya, cost prohibitive...over "here" ie, domestic...you're putting up margin more or less...locking up deposit

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Nashoba Holba Chepulechi
Adventures in microcapitalism...
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renrob05
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quote:
Originally posted by stocktrader22:
That's how they get you...yeah go ahead and short a .01 stock, but pay more in comissions then the amount of $$ you are investing.
Give them a call...that is not true.

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Renee
Easy money!
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Machiavelli
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quote:
Originally posted by stocktrader22:
That's how they get you...yeah go ahead and short a .01 stock, but pay more in comissions then the amount of $$ you are investing.
Always a catch... as they say.. if it sounds too good to be true... it usually is...

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna
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stocktrader22
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quote:
Originally posted by renrob05:
quote:
Originally posted by stocktrader22:
That's how they get you...yeah go ahead and short a .01 stock, but pay more in comissions then the amount of $$ you are investing.
Give them a call...that is not true.
How is that not true...you pay .005 cent per share in comission...1 million shares of some subpenny and all of a sudden you have 5,000 in comission with a 1,000 investment.

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Free Muney
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thanks for all the help. if anyone is interested i am planning on starting a shorting stock page on the big board thread soon. seems like a good idea in sideways markets. and i could use the feedback [Smile]

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Contrarian views always appreciated.... :p
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renrob05
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quote:
Originally posted by stocktrader22:
quote:
Originally posted by renrob05:
quote:
Originally posted by stocktrader22:
That's how they get you...yeah go ahead and short a .01 stock, but pay more in comissions then the amount of $$ you are investing.
Give them a call...that is not true.
How is that not true...you pay .005 cent per share in comission...1 million shares of some subpenny and all of a sudden you have 5,000 in comission with a 1,000 investment.
I'm not shorting myself, but i know of a group that uses IB to short pennies, and i don't think they are paying 5 grand on 1 grand investment.

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Renee
Easy money!
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T e x
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Rob, why don't you ask them for a breakdown of a coupla typical deals? Would be interesting to see...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...
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renrob05
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quote:
Originally posted by T e x:
Rob, why don't you ask them for a breakdown of a coupla typical deals? Would be interesting to see...
I'll send you a pm

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Renee
Easy money!
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Machiavelli
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do the Math:

Volume: IB Commission per Share**

<=300,000 Shares $ 0.0035
300,001-3,000,000 Shares $ 0.002
3,000,001-20,000,000 Shares $ 0.0015
>20,000,000 Shares $ 0.001

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna
Posts: 4669 | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
   

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