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?
Posted by T e x on :
try Interactive Brokers web site...dunno the url offhand
Posted by Machiavelli on :
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...
Posted by T e x on :
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...
Posted by Livinonklendathu on :
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.
Posted by stocktrader22 on :
well....looks like .005 per share comission, so much for shorting .10 and under pennies.
Posted by T e x on :
started to post, but trusted you'd do the math...
Posted by stocktrader22 on :
That's how they get you...yeah go ahead and short a .01 stock, but pay more in comissions then the amount of $$ you are investing.
Posted by T e x on :
ya, cost prohibitive...over "here" ie, domestic...you're putting up margin more or less...locking up deposit
Posted by renrob05 on :
quote:Originally posted by stocktrader22: That's how they get you...yeah go ahead and short a .01 stock, but pay more in comissions then the amount of $$ you are investing.
Give them a call...that is not true.
Posted by Machiavelli on :
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 $$ you are investing.
Always a catch... as they say.. if it sounds too good to be true... it usually is...
Posted by stocktrader22 on :
quote:Originally posted by renrob05:
quote:Originally posted by stocktrader22: That's how they get you...yeah go ahead and short a .01 stock, but pay more in comissions then the amount of $$ 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.
Posted by Free Muney on :
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 Posted by renrob05 on :
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.
Posted by T e x on :
Rob, why don't you ask them for a breakdown of a coupla typical deals? Would be interesting to see...
Posted by renrob05 on :
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...
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