New Short Sale Rules

Discussion in 'Trading' started by kean, Jan 6, 2010.

  1. #11     Jan 24, 2010
  2. zdreg

    zdreg

    your argument is not valid in reality if u use a buy stop order.
     
    #12     Jan 24, 2010
  3. They called that "borrowing fee". I looked back at my statement for August 2008. For example, on 7/24/08, I was charged $27.00 so that I would be able to short X number of shares of GS that day (forgot the exact number, 2000 or 3000, something like that). The more short shares I wanted available the higher the fee I had to pay. Awesome, huh?

    [​IMG]
     
    #13     Jan 24, 2010
  4. zdreg

    zdreg

    sometimes if a stock is hard to borrow but not impossible to borrow there is a fee. $27x 365= about 9000. $4500 per 1000 shares stock was about 180. indicative rate was about -2.5% it is not outrageous.
     
    #14     Jan 24, 2010
  5. Why does a five-year old get into adult's business? Stick to starting your one-line clueless topics every now and then.

    You don't trade, remember? What do you know about shorting?

    Unlimited risk is for the academics. I have not yet seen a stock's price goes to infinity. (Except may be something like Microsoft. But who would be shorting MSFT for over 20 years?) I have seen plenty of stocks dropped to zero.
     
    #15     Jan 24, 2010
  6. spindr0

    spindr0

    Yes. it was Sept '08. My bad. Except that for several weeks, no shorting was allowed. At that time, the indicative rate for many of the financials was over 100%. That was insane!
     
    #16     Jan 24, 2010
  7. spindr0

    spindr0

    What's moronic is your statement and it reflects your lack of market understanding and inability to trade.
     
    #17     Jan 24, 2010