Shorting stocks: Mechanical aspects Message Board

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Strategies & Market Trends : Shorting stocks: Mechanical aspects

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To: Ken Brown who wrote (146)	9/22/1998 6:39:00 PM
From: Ken Brown	Read Replies (1) of 172

I've got a limit stop order to buy, in case it ever trades again ... but I wasn't willing to put a high limit on it (for fear of being taken), so I'm not sure it does much good. My buy stop order kicked in today, and I have now managed to cover SIEBR at 1/16. Finally. Looks like the MM(s?) have finally assigned a bid & an ask to it, and that's why it went off. It traded 1000s yesterday, but they must have all been negotiated deals, as the BBO was 0 - 0 all day (as has been the case for weeks). I probably could have done nothing for another 10 days, and saved the commission and $6, but who cares? Glad to be out! What an interesting experience this was. Ken

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