<<ONLY One Word is needed to Explain todays move FDA...>>
"FDA" is three words, idiot--Food and Drug ASdminisdtration. Actually it is not evenn that--it is an acronym.
Does one have to submit proof of mental retardation before being allowed to buy this stock?
Needham medical technology analyst Dalton Chandler published a research report last Wednesday in which he argued that the U.S. Food and Drug Administration may be under additional pressure to approve Mela Science's MelaFind skin cancer detection device because European regulators granted the company a CE Mark, or regulatory clearance, to begin selling the device there.
but to short sell something, doesn't that stock need to be owned by the brokerage firm, so that you can borrow the shares? Is MELA a marginable security? I would have thought that something so small would not be marginable and one wouldn't be able to borrow shares from their broker.