Looks like the Cryptos are out...

[Penguinfan]

Yes you can do it through E-Trade, your account has to be enabled for it. Contact their support team and they will set it up for you.

I believe they will make you keep a certain amount of money set aside, since there is no way to tell how much you could potentially lose in a case like this, either that or they make you agree to a "stop loss", in the case of selling short if the stock goes up to a certain price you are obligated to buy it at that price and eat the losses.


Basically you are borrowing shares from the broker, selling them for the cash with the promise of buying them back and replacing the ones you borrowed. Had you done this with PartyGaming last night you would be very happy today.

[Talking Poker]

Not really (on the last statement).... because the market wasn't open last night, so you couldn't sell anyway. If you put the order in then, it wouldn't go through until the market opened this morning, and I'm sure it opened at the corrected price.

There is such a thing as "after hours trading" - I have no idea if this is even possible on the London exchange... but even if it is, the price STILL would have been affected last night. As soon as there is news - on anything - a stock's price moves (in other words, good luck trying to find someone willing to BUY Party stock last night, when everyone knew it was going to tank this morning).....

Selling short Friday afternoon would have been a good idea though.