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they didn't...i asked and never got an answer...that is why i'm asking here...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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The SHO report basically puts the stock on "notice", meaning that short sales must be covered within a certain period of time. I used to be an expert on it since I was involved on a couple of stocks that seemed to be on it every single week. As far as I remember most of your large MMs view it as a negative because of the possible penalties. They will be working today to cover for sure. others will wait till the last minute.
It and the PR are definitely causing this action this morning.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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If I was short, this movement would shiver my timbers!!!!! Scary Larry to watch the tortuous slow gentle rise while losing money all the time and then, guess what? I have to buy to cover and I don't even get to have fun like the longs! I buy and I'm out!
Thank God I'm not short! (house of pain!)
-------------------- ... make you're decisions only on you're own DD ... Posts: 348 | From: Arizona | Registered: Jul 2006
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I would really like to see a little squeez action before this gets halted....It would be kinda funny to see it hit like $6 just before it halts.... I wonder how many MM's we would read about jumping out of windows or off bridges because they knew $15 was around the corner, and they did not cover...Poor MM's........DIE YOU BLASTARDS!!!!HAAAA-HAHAHAHAHA!!!!!
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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quote:Originally posted by TaxBack04: The SHO report basically puts the stock on "notice", meaning that short sales must be covered within a certain period of time. I used to be an expert on it since I was involved on a couple of stocks that seemed to be on it every single week. As far as I remember most of your large MMs view it as a negative because of the possible penalties. They will be working today to cover for sure. others will wait till the last minute.
It and the PR are definitely causing this action this morning.
thanks...so i guess there really isn't a situation where this could cause us a whole lot of grief right?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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Margin accounts sometimes allow brokerage houses to short a stock. It could limit your purchases of a particular stock if they have large positions to cover because of the SHO report.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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watching the MM`s scramble around on the B/A looks like alot of them may be trying to cover, good for us! sucks for them! my heart bleeds!!! LOL!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Ya.....This is gunna freak oput a few shorts in a little while.... We start gettin in the $1.30 range....This could get very ugly for those that are short.....Let the squeeeeeeez begin....
Who had that juicer???
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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yeah...our closing predictions...(if this keeps up this way)...are going to prove to be rather low...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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If your brokerage house gets stuck with an open short position and you are unknowingly trading air you could have some major problems when you go to cash in. This is why they recomend certs on margin accounts.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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MM - AUTO has the high quote on the ask side at 5.57! now THAT would be sweet!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by maumee river rat: I would really like to see a little squeez action before this gets halted....It would be kinda funny to see it hit like $6 just before it halts.... I wonder how many MM's we would read about jumping out of windows or off bridges because they knew $15 was around the corner, and they did not cover...Poor MM's........DIE YOU BLASTARDS!!!!HAAAA-HAHAHAHAHA!!!!!
MMs have a large war chest.. i doubt this would significantly affect them.. it may break even with them tho.. i'm sure they have their ways of covering.. but i'm just glad we're going up =)
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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what about my account, i had a cash account when i bought shares in this comp. and then later upgraded to a margin account.
Posts: 57 | From: Tennessee | Registered: Jul 2006
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today has been a sight for sore eyes! . . . I've already shot a message to Chartwalker - but any of you Wisconsinites that want to partake (or anyone else close enough) - we're getting together for some celebration drinks this week in the Wausau area when this thing pops - let me know if you're interested!
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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not the type of account, how you purchased.
if you didnt buy on margin, and you paid for your shares, you are fine. ~BB
quote:Originally posted by leanlow06: what about my account, i had a cash account when i bought shares in this comp. and then later upgraded to a margin account.
quote:Originally posted by maumee river rat: Ya.....This is gunna freak oput a few shorts in a little while.... We start gettin in the $1.30 range....This could get very ugly for those that are short.....Let the squeeeeeeez begin....
Who had that juicer???
The juicer is polished and ready to send! ha ~ Congrats too on calling that close the other day, I'm 0-2 on that
posted
If you think about it, even though ppl said they would sell less than 15 after the merger, the shorters will be the ones BUYING from the sellers, trying to cover before their mess gets worse...IMO should be a very nice squeeze......
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