It matters Spon. unless you're ok with naked shorts wrecking sp again. I've found his thread on it anyhow
Allegedly: "I can only state what my broker's requirements are for spec stocks. I cannot speak for other brokers.
You must be officially registered with said broker as a sophisticated investor.
You must have at least three times the short value on deposit in a cash account with said broker.
You must agree to employ a stop loss whereby the total potential loss does not exceed what you have on deposit."
Maybe this can be done if his broker owns stock to cover it or but I do not see any broker bothering with this sort of nonsense and risking their license. as I still believe its legality is questionable. I will certainly be following up. I'm a registered Soph trader myself and use several brokers so it matters.
- Forums
- ASX - By Stock
- VIL
- all going to plan
all going to plan, page-50
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)