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Old 07-21-2005, 04:26 PM
Wake up CALL Wake up CALL is offline
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Join Date: May 2003
Posts: 1,591
Default Re: I just shorted PRTY at 161...

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I'm pretty sure US citizens can't invest in PP

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Well then short it and get a purple heart for doing so...

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In order to short a stock, you must at some point own it. Traders call this "the borrow" (i.e., where you have borrowed the share from somebody in order to sell it into the market). Thus, you would have owned a share in an illegal enterprise.

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Casino gambling is illegal in most States in the US yet we are all free to own their stocks. Your understanding of the law is flawed. As long as their product is legal in their own jurisdiction you have no problem owning the stock.
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