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+--- Thread: A short got covered at the end of the day (/showthread.php?tid=3248)
A short got covered at the end of the day - jft310 - 04-05-2013
Look at the tape while you can. A Margin dept covered a BAD bet on IOC. This is just the beginning. This explains all the whinners and IOC naysayers on the different Boards, FWIW IMHO.
RE: A short got covered at the end of the day - jft310 - 04-05-2013
That was a 40,000 share BUY IN.. Ho Ho , More to come.
RE: A short got covered at the end of the day - johnwgrant - 04-05-2013
Hmmm.... why would the person short be bought in today !?! Usually, the margin calls come when the stock price is moving against you ! I know from first-hand experience
RE: A short got covered at the end of the day - jft310 - 04-05-2013
Called a margin call and the delay is the number of days they gave you to cover. That spike to $76 got em several days ago.
The trade was several dollars above the current price thats a BUY IN.
RE: A short got covered at the end of the day - Libtardius Maximus - 04-05-2013
I agree with JFT, saw it as it happened. You folks a bit twitchy should review the last minute tape.
Not sure about margin call though, but certain it was short related event.
RE: A short got covered at the end of the day - kommonsents - 04-05-2013
'jft310' pid='20142' datel Wrote:Called a margin call and the delay is the number of days they gave you to cover. That spike to $76 got em several days ago. The trade was several dollars above the current price thats a BUY IN.
Perhaps a day short that couldn't borrow the shares to carry overnight, hence a forced buy-in.
RE: A short got covered at the end of the day - Getitrt2 - 04-05-2013
(04-05-2013, 07:58 AM)kommonsents Wrote:
(04-05-2013, 06:11 AM)jft310 Wrote: Called a margin call and the delay is the number of days they gave you to cover. That spike to $76 got em several days ago. The trade was several dollars above the current price thats a BUY IN.Perhaps a day short that couldn't borrow the shares to carry overnight, hence a forced buy-in.
Maybe so, kom. Or maybe some loaned shares were called in?
I believe a short margin call from 76 or so would have since been cured.
Lib, how can you be sure short related? Could not have been last minute buying?