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Error shorting a stock..please help
I am semi-new to investing with about one year of trading stocks and options. Up until now I have only first bought and then sold.
Now Ive found a company which I think is a trainwreck waiting to happen and I want to short their stock listed on nasdaq. I tried selling 1 share of theirs to test it out but got the following error message [ QUOTE ] The stock you marked forshort sale is not presentlyavailable to borrow and/or it is on the Reg SHO list of securitiesrestricted from short selling. You may not sell this stock shortthrough the IB system. [/ QUOTE ] If you have an idea what this is, can you advise me on what is wrong here and how would I go about short selling the stock. I should note that I looked and this company doesn't any options available for trading so buying puts or selling calls is not an possible. Please excuse my ignorance and help.Thanks |
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