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A short got covered at the end of the day

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A short got covered at the end of the day
jft310 Offline
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#1
04-05-2013, 06:02 AM

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.

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jft310 Offline
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#2
04-05-2013, 06:03 AM
That was a 40,000 share BUY IN.. Ho Ho , More to come.
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johnwgrant Offline
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#3
04-05-2013, 06:04 AM
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 Sad
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jft310 Offline
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#4
04-05-2013, 06:11 AM
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.
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Libtardius Maximus Offline
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#5
04-05-2013, 06:36 AM (This post was last modified: 04-05-2013, 06:37 AM by Libtardius Maximus.)
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.
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kommonsents Offline
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#6
04-05-2013, 07:58 AM

'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.

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Getitrt2 Offline
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#7
04-05-2013, 09:40 AM (This post was last modified: 04-05-2013, 09:46 AM by Getitrt2.)

(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?
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