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I wanted to short SMF @ $3.70 but RBC didn't let me. Can anyone shed some light?
"When trades are rejected for short sales, insufficient margin is not the only reason why such trades can be rejected. In the case of a short sale, you are borrowing shares from the firm's inventory to sell on the open market.
For instance, our record shows that your short sell order today from 9:50am Eastern was rejected as there was an insufficient number of shares available in our inventory."
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