Silicon Investor (SI) -- The First Internet Community

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (75602)	3/5/2001 2:20:45 PM
From: IceShark	Read Replies (1) \| Respond to of 436258

That is not true. . You are going to have to maintain some level of equity coverage for those borrowed shares, so they will always have something to grab onto to at least reverse part of the trade(s), which would probably be a fair sized chunk of cash. Depending on your account makeup, most likely the whole trade: they would keep your long gold holdings to ensure coverage. -g- Also, equity trades settle in T + 3, or 4 business days, for the actual cash changing hands. So if you quick hurried and closed it out the broker could hold back the cash if they so chose to. The brokers are sort of funny about that, sometimes they will let you take the cash before settlement, sometimes not. Options, on the other hand, settle the next day (business day). So you would have a better chance to wire the cash out before authorities froze the financial markets. In any event, if something so bad happened that these things would occur, I'm not sure you could beat the clock so the finer details become meaningless. It is the fact that the rule of law would be repealed and evil short betters would be sure to be 1st in line to be screwed. -ng-