OXIGENE INC. (OXGN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : OXIGENE INC. (OXGN)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: www_9hub_Net	5/23/2009 2:41:26 AM
	of 273

Hi all, Yesterday I short OXGN for the first time. But, I'm not yet able to understand the whole transaction. Especially, Margin call and Margin requirements. I'm trading with Ameritrade. I short sell 1000 stocks at 2.48 and covered at 2.17 close to end of day. Initially I had 2500 in my account with Stock BP of 5,200. Why I'm not able to sell short stock of $5000 ? why is stock BP more than 5,000 ? Isn't it suppose to be double of Cash available for trading ? According to Ameritrade the Initial Margin requirement is 50% and Margin Maintenance is $2,500(1000x$2.5 since the stock is trading below 2.5) When I was holding my balances were like this Funds available for trading : 1250 (nearly) Account Value was changing between 2300 - 2800. Stock Bp : 890 ( but I'm not sure, I may be wrong with this) Short balance : 0 So according to Margin Maintenance requirement I'm supposed to maintain $2500. Why I'm not issued with Margin call ? Can anyone please explain with calculations. Can I use that $1250 to short stock again ? Sorry for being naive this is my first short trade. Thanks in advance

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next