Why am I not allowed to short GMGMQ?

Discussion in 'Trading' started by noob_trad3r, Jul 10, 2009.

  1. I got this error from etrade

    Your sell short order cannot be processed. Either you do not have a margin account or short sales in this security are not allowed. You can find an explanation of short sales in under the Buying and Selling Stocks section.

    I put in an order to short 25,000 shares at 1.15 and I got this error even though I have more than enough margin/cash/equity.
  2. It means your broker can't find the share to short. This is not rocket science and this is not ETrade's helpdesk.
  3. cstfx


    because it's not shortable. you should know this.
  4. Because its worth zero, and why should they let you make easy money.