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Biotech / Medical : biotech binary events -- Ignore unavailable to you. Want to Upgrade?

To: kenhott who wrote (247)	4/10/2007 10:51:48 AM
From: Robohogs	Read Replies (2) \| Respond to of 295

Stock falling like a rock now. I had my perfectly situation option strategy blow up when those short calls exercised and I ended up short 2000 naked shares - against my calls but unfortunately E-Trade blew the whole series of trades up. They force bought back the short shares triggering a margin call in this fringe account of mine. They then bought back the rest of my short calls triggering an even larger call as my long calls were no longer in spreads. They then took out all of the other spreads at huge losses using market orders. BUT they did leave me with several hundred shares equivalent of long calls which allowed me to go from 20% loss in account past my expected 25% gain to a 50% gain. Sold the calls at $24.85 stock equivalent this morning. Jon PS I had a long complaint prepared and just decided to hold off for now. They still screwed up the account and their actions put me and them at even greater risk when I effectively went long 10s of thousands of shares for a few minutes - too bad stock was dropping like a rock then too. They should have better programs designed to minimize number of trades and risk exposures.