I'm speaking to a trader who can find locates for GNUS in Centrepoint, even though it's a Threshold Security at the moment according to https://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold Is this typical/expected? I thought if a security appears in this list the brokers will try to cut their customers off from fresh locates. I have no complaints about this by the way, it's pretty cool they allow this. I'm just trying to understand it.
Idk then. But even if you can find shares to borrow that doesn't necessarily mean you can go short. I got screwed before, located shares and got hit by price restriction.
Not SSR. At TZ there is a minimum price to short a stock yet there is no restriction to locate tickers that are priced below that and waste your locate fees for nothing. (Definitely broker related.) If CP is anywhere as dirty as TZ operates they will gladly profit out of your little mistakes as well. Not saying, that's the reason CP is allowing gnus locates to go through. It's just an uneducated guess coming from my lack of knowledge about threshold securities. Maybe, I am just blurting nonsense as I am not even sure if a REGSHO rule prevents short selling of a given ticker or just make it very difficult. (I don't understand the description even after googling.) But if it's the latter, that just means CP is superior for shorting stocks. They always have been.