Selling short

[Brutus2600]

Ok, I get the whole concept of selling short, my problem is this:

I read somewhere (not completely reliable since it's a) the internet and b) a so so site) that you can't short penny stocks. Is this correct?

I'm wondering because I don't want to go through the whole hassle of upgrading my account to a margin account and then find out that yes, in fact I can't short penny stocks.

Thanks for helping us newbs out, it's really nice of you guys to take time out to do that.

[keithsan]

yes no shorting penny stocks.

Margin accouunt has its benefits.

[Brutus2600]

I have enough problems keeping my credit cards under control, I'd rather not have the options of a margin account even available :p lol

Thanks for the info though.

Are there other benefits to a margin account besides having the extra funds when you know a stock is gonna pop?