"I am not embarrassed about our previous discussion, I just didn't want to argue with you further. I do not believe that I was mistaken in my previous argument wrt to shorting and margin accounts."
OK, let's run through it. Here is your original message, with the assertion I refuted:
Message 12726369
And, here is my response to your erroneous message:
Message 12726756
Your reply to that, still hanging on:
Message 12727433
Followed by my full explanation of why your original assertion was incorrect:
Message 12727496
Gotta keep it going, though! Here, you noted that you were told once before that you were wrong on this topic in a "long and lengthy" argument. While that would explain, at this point, why you wound up giving up (if there were not a few more posts to show), it raises another question: how is an argument simultaneously "long" AND "lengthy" in a way that requires two words to describe it? Hmmm.):
Message 12727529
You then came over to the "From the Trading Desk" thread for Steve Goldmans opinion. Apparently your previously obstinate tone betrayed some inner doubt?
Message 12727492
Oh! Whats this? Well, what do you know. LPS5 was right the whole time:
Message 12981120
To ensure that he would specifically endorse my holding - even after indicating the error of yours - I made sure that he read my original post:
Message 12981390
To which he indicated that my post was indeed correct, though "for the most part." The exception to the "most part" being a fact which Id never heard previously heard of (certain actually marginable OTCBB issues) and which most importantly had no bearing on our dispute:
Message 13008704
But, despite that, you still think that you're right, and chose not to argue anymore. That's well advised. Not because you were wrong, of course. Not even because you're fairly hemorrhaging credibility on this issue by this point.
One last thing. What does this sentence mean, in your previous post:
"The short must be at least 1/16 above the bid if the bid is lower than the current bid."
Hmmm. If the market is 20 x 20 ¬ you're saying the short must be 1/16 above the bid...ok, bid 20, so
20 1/16...if the bid, 20, is lower than...huh?
Warm regards,
LPS5 |
