If you have a CFD account with IG (not a share account - they are separate trading platforms) you can indeed open a short position on FLC. I have had my short position for some months already.
Thats what I like about the IG CFD account, they offer a way to short a wide number of ASX stocks, albeit with spreads and holding fees that can add up, especially for small trade amounts.
Anyone who calls or emails IG will receive info on how to open an account and short FLC if they desire. I would recommend being very careful with leveraged CFD positions, apply stringent risk management. I never risk more that 1% of my capital on a CFD position. The benefit of shorting weak stocks like FLC is that often fall faster than rising stock prices rise, so more money can be made more quickly. I also use strict stop loss criteria with all my positions.
50 cents is a key round number and may present challenges if breached bearishly.
If you have a CFD account with IG (not a share account - they...
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