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Gold/Mining/Energy : CDN. "FLEA BITTEN DAWGS"

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To: DoubleOddBuck who wrote (141)6/17/1999 7:00:00 PM
From: surelock  Read Replies (1) of 162
 
The buy-in was done on a cash, or immediate settlement basis.
The investor was clearly forced to cover by the firm, it was
not a decision he/she made. You can tell when this happens
because the trade was done above market, and not included in
the price range for today.
There is very little an investor can do to avoid such an incident, especially since most buy-in warnings are not carried out.
So note there is a big difference between covering a short
(by choice) and a buy-in.
Aggresive shorters would simply turn around and reshort if they
were convinced that the stock was overpriced. The risk of
another buy-in is there, but so is the possibility that the
stock trades significantly lower.
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