re: Anyone see this story about CYNK?

The guy that's short is in a really, really good position. I'm not sure why his margin rate is 12%. Usually brokers give the ability to short to larger accounts with better margin credit. Odd deal. I'd guess an average margin rate should be under 5% for a trading account of any size, and no way a broker lets a guy trade who is worried about paying margin interest.

In any event, the lending broker will eventually zero out the receivable, and the guys stands to make some decent money predicated on his paying the interest.

He needs to think it through. Or if he can't carry the interest, both he and Scott Trade need to rethink why he is marginable and why the trade was allowed.