SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : KANA - undiscovered Internet Company!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MakeAFuss who wrote (233)7/2/1998 11:40:00 AM
From: Andrew H  Read Replies (1) of 1268
 
MakeAFuss--It is true that BB stocks are not marginable to but for a long position, however they CAN be shorted. I suggest you call again and speak to the extension below at Fidelity. The information I gave is absolutely correct. It is true that you need considerable cash reserves to short BBs, but there is no problem in principle, doing it, as long as they can find the shares. The shares have to be held in a margin account in order to be shorted but that is another matter, since non-marginable stocks can be held in margin accounts. Furthermore I was just informed that you can use margin to short a BB stock at Fidelity. If a BB stock is selling for 9, they only require $3 in equity for maintenance to short it. Call the 1 800 number and ask to be transferred to Cary Lumkes at extension 7475 in Dallas.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext