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Believe it or not there are takers. I have sold over 1k of them in under a week.

Correction, it seems the margin requirement for shorting 20 options is a little more, than if you buy 100 shares long then short the 20 options.

What I mean by the above is that Penson's margin requirement is no different than shorting 100 shares of the stock, noting the deliverable is 4 *(and if you short 20 contracts).

The following came to my attention, and I followed my own advise already: You can sell 20 options of DRL, strike price of $2.50, expiration Jan 2009 for $.05. It is a non-standard option with a deliverable of 5 shares, meaning if you have 100 shares, you can sell 20 such options (you are...

Assuming you are right that it is illegal to short against restricted shares, and with the cracking down, I cannot understand how people are still doing this. Is it like an addiction that even if they get caught?

It could be it's done all the time in as much as naked shorting occurs as well. However, if this is a bank stock, (which we know is on the verge of tightening regarding naked shorting) may there still be room for shorting against restricted shares? May there be a difference between the...

Does anyone know if it's possible to short versus restricted or non-registered shares? Any link?

Well Maverick was also quite outspoken; what are your views? No million shares, rather based on experiences with stocks with low floats, yet the shorts seem to still manage quite well.

Admit it's crazy, but that's what it seems to me happens sometimes, and that is my conclusion from the thread Landis posted.

Thanks Landis. That's a great thread!

Although not always practical, but can shorts hypothetically keep selling shares non-stop & destroy the stock price of about any company?

Sometimes you get the feeling from the way the Level 2 bid & ask is working, that you better just get out of the way, as it seems someone is determined to move the stock in a particular direction; e.g. you see the level 2 exchanges work in conjunction with one another and taking its direction...

Thanx to each of you.

Does anyone else have the same problem? This has been over a 5 hour period of time, and still the same message.

That much I know.

Do Penson brokers ever have special maintenance requirements for concentrated positions? Just spoke with MB Trading who say that neither them nor Penson has any special requirements, and they use only the industry standard of 25%*, and I wanted to verify if this is the case with Penson...

You might find the best stock in the world, with a great edge, but because you bought too many shares at the exepense of the specialist, the stock will turn against you.

....and how does the trader get hurt by this?

Your pint is that the broker himself may be a bigger opponent than the specialist. Please elaborate, and if you mean the same regarding NYSE stocks. Good point. Please be more specific about who these players are who buy the order flow, and how such parties may trade against the customer...