GREY:RNKLF - Post by User
Comment by
Styles76on Oct 06, 2018 1:43pm
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Post# 28757674
RE:shorts
RE:shortsIt all depends who you are, and/or who your broker is.
For Mr. Joe Q. Average - generally - no, your liability isn't usually deep enough. If the stock goes the other way, there is little chance you'll be able to cover. Stocks $3 and more are no longer considered penny stocks, so there's a better chance that there will be limited volatility. Some brokers will let you do lower SP if you have cash on hold.... but all brokers will gladly loan out your shares you carry with them, regardless of price, unless there is already a sell order on them (there cannot be 2 sell orders on the same share - so the share gets pinned down)
canadarocks9999 wrote:
Talked to a broker at Royal Bank yesterday and was informed they do not allow shorting with stocks $3 dollars and under.