When will BIDU be shortable (IB)

[dinoman]

Most definately shortable at Cybertrade, they always have the shortside shares

 

[Babak]

Why aren't there options on BIDU?
(synthetic shorts, etc.)

 

[traderpro]

You can borrow but it cost to get it. It's 30 days after the ipo date. After the quiet period they can talk about the co has nothing to do about shorting a stock.

 

[stock777]

Quote from SteveD:

There is a rule against shorting stocks less than $5. It has to do with margin rules which, I think, say you cannot buy a stock for less than $5 on margin. And, you have to have a margin account to short stocks.

BIDU was shortable from day one. You just had to find a owner of the shares that was willing to lend them to you for you to sell them "short".

I find it quite amusing that 99% of the people on ET do not know what a "short" really is, LOL.

SteveD

Don't laugh too hard. Shorting stocks < 5 is not a problem. Old wives tale. Urban legend. BS

 

[alanm]

Any rule about not shorting under $5 or not shorting <30 days after IPO is created by your broker or clearing firm, not regulators. Some firms allow either or both.

 

[zdreg]

Quote from areyoukidding?:

30 days newbie.

one more example why someone should take your posts with a grain of salt.

 

[zdreg]

Quote from stock777:

I put up a test short for 1 share at a broker to go unnamed, and it appeared to be accepted.

maybe it only works for odd lots.
just kidding.