[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.