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Message: Shorts

Shorts

posted on Mar 29, 2005 11:30AM
Okay, now I`m confused.... Only shares held in a margin account are shortable, and otcbb shares cannot be held in a margin account (and cannot be bought on margin, and are not marginable - possible exception here if the PPS is over $2, or more, depending on broker). So the only way to short is to naked short from off-shore? (and it seems cert disposition wouldn`t effect naked shorting since the shorted shares don`t exist). Or are these margin account rules only applicable in the USA? AAARGH!

I still think that this is much ado about nothing where EDIG is concerned. Seems a naked short strategy would be fully executed in a matter of months, not years, and on a riper target.

SGE

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