Today I was informed by Suretrader that they no longer allow anyone to short stocks under $1. They say they are currently working on re establishing that service but who knows. I will keep you all updated. Suretrader main advantage was that you could short stocks under $1 and at the same time avoid the $2.50 rule. This was a great for people with small accounts that were looking to grow them quickly. I started my suretrader account in May with 3.5k and I am closing it today with 9.9k.
Lets Take a Look Back at some of my Suretrader Trades. I used Suretrader to short mainly crappy pumper pumps. I will miss you Suretrader
See all my trades here
My only Big Loss with Suretrader
If this is truly the end, you will be missed Suretrader! I already have sent my wire request form in and will be wiring all the money out of my account.