Jump to content

Sears-38% to Short


Recommended Posts


If anyone wants to short any shares of Sears it costs you 38% per year to short their shares.  Take a look at the video





I am a Canadian and own shares in a margin account with Etrade, is there anyway for me to take advantage of this?  Have my holdings converted out of street name?




Link to comment
Share on other sites

Someone please correct me if I am wrong here.  I believe you need to move your shares into an all cash account i.e. not a margin account.  Then your broker is required to pay you the money for the borrow. 


38% seems really high.  I guess people are sure it is going to go bust and fast.  That 38% will disappear your short profits if they stay solvent for 24 months and then go bust. 


Sears going bust wouldn't surprise me at this point.  There is only so much ESL can do in this environment.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...