TSX:LSG.DB - Post by User
Comment by
lowpickron Sep 21, 2012 1:54pm
297 Views
Post# 20396877
RE: short selling
RE: short selling "As no shorting is allowed at prices less than a dollar"
Nonsense - just because your broker doesn't allow it, doesn't mean no one else allows it. That rule is basically a best practice followed by many discount brokerages with retail accounts. Funds can short what they want as long as they can borrow the shares.
See this week's largest short increase/decrease reports - lots of penny stocks there:
https://www.theglobeandmail.com/globe-investor/investment-ideas/largest-tsx-percent-increases-on-sep-15-2012/article4554225/
https://www.theglobeandmail.com/globe-investor/investment-ideas/largest-tsx-percent-decreases-on-sep-15-2012/article4554246/