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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: saveslivesbyday who wrote (103055)2/2/2008 2:43:57 PM
From: ChanceIsRead Replies (2) of 306849
 
RE: HOV

I think we are talking short squeeze there.

I just tried (Sat PM) to place a short order through Schwab. It got kicked out by the Schwab computer. That basically means no shares are available for loan.

Will short Feb $15 calls it it hits $13.50 on Monday.

I hate it when there are no shares available. Selling the calls and losing within a given period is something I can live with. Its the no shares available if you get assigned which is troublesome. One can always roll out, but in these volatile times, the MMs want a big spread. Can't blame em.
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