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6.9¢ oakridge international limited

Ann: Company Update-XPE.AX, page-312

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z3129990

515 Posts.

29/08/16

19:15

Post #: 18773022
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Originally posted by shorns76 ↑

This is not the only reason for not being able shorting stock like XPE.

Firstly any shorting that has been reported may be inaccurate. If you don't know why then I'm not explaining it again.

The main reason why though is the potential losses you may make from speculative stocks and why brokers don't offer them, or aren't allowed to (this is important). You could have shorted xpe and, sure, made a butt-load of cash but what if the intel ann did come out mid short? As losses are technically unlimited with shorting stock the risk is simply too great, come out of a halt on the right announcement and you could be owing your broker 10x what you could ever loose by going long, which has an absolute maximum. Short woolworths, or BHP and their potential for a sudden, huge gain on the back of a halt is far less likely, and you'll far more likely have an opportunity to be "called" by your broker minimising your losses.

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this is correct. you cant short this because brokers can't cover the risk of the unlimited losses which can occur at a very rapid pace with specs.

because at the end of the day, the broker is still on the hook for all of the loss even if the individual client declares for bankruptcy.

XPE Price at posting: 3.4¢ Sentiment: Hold Disclosure: Held
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