I tried to go short this morning on Clinton Cards and Parity but City Index claim both their market cap's are too small to go short. Both are over 100 million and in the past went short on stocks below this. Both are up on their web site giving sell prices but I seem to be blocked out. I had a fantastic run in the last month and am wondering are they telling the truth or do they want me to take my business elsewhere. Would appreciate hearing from anybody with their insight.

skreen,

Why not ring them back and ask?

I have heard of people having their accounts closed by spreadbetters, but never actually known anyone that it has hapenned to before, until your post.

Andy,
I did ring them back and was told the market cap's were too small.(that was their excuse).

skreen,

Well IG Index quote you before you give your account number, so they wouldn't know who you were until they had accepted the bet, so you may be better using IG Index.

IG normally quote for any company with a market cap of 10 million and above, including AIM stocks.

skreen,

I have just spoken to City Index.

You can LONG any stock with a market cap of over 100 million.

Yoy can SHORT any stock with a market cap of over 200 million!

They must have been caught out somewhere.

Andy,
Thanks for the trouble of making the phone call. I will definitely look into IG but I am reassured that it is not me personally that City Index have stopped trading.

skreen,

My pleasure, at least you know it wasn't personal!