Forum Archive Index - March 2003

["Michael McGregor" <mikemcgregor@nzoomail.com>]

>I am interested in short selling stocks listed on the ASX.
>
>Phaedrus has pointed out that it far more difficult to short sell on the ASX

>than on US markets but I would like to stick to the ASX at this stage.  Does

>anyone have experience of short selling on the ASX? Which broker do you use

>etc?
>
>I have discovered that omfinancial (http://www.omf.co.nz) offer trading in

>CFDs (Contracts For Difference) which are a leveraged derivative based 
>around share prices.  It is very easy to short sell these and while they 
>don't have ASX trading avaliable yet they will in a month or so.  Has any 

>one used omfinancial before? Do people have any feedback on CFDs?
>
>I would appreciate your comments.
>
>T100.

>
>
>
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>
>T100,
          Phaedrus is right, short selling is huge industry in the US and there
would be far more on-
line information available to help you. They have by far the best infrastructure
for that type of 
trading. As far as Australia is concerned, I haven't seen or heard much about
short selling.

Cheers

Mike M  



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