GREY:RNKLF - Post by User
Comment by
Swing4theFenceon Dec 05, 2018 11:23pm
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Post# 29073569
RE:NEW SHORTING RULES?
RE:NEW SHORTING RULES?Well let me explain Carpenterdave - people get really worked up about the borrow % rate but when you look at the amount charged on a daily basis it really isn't that much when you are expecting an imminent collapse in stock price. RNX has some solid support down around 20 cents which would suggest a 60% collapse in stock price from here. If you are paying 20% ANNUALIZED for the borrow - there are 365 days in the year - the borrow rate is a pittence to what you might make on the short. Just a few things to consider, best of luck