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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (12213)	8/31/2011 12:24:50 PM
From: Jacob Snyder	1 Recommendation Read Replies (2) \| Respond to of 13403

UBT buy-in by my broker, closed my 400 share short position, without my permission, on 8/24 and 8/29. Profit $2569. This has never happened to me before, and I've shorted many stocks. From the IB website: It is important to understand that there may be times where a given stock appears to be borrowable on T (trade date), but in the intervening three days the availability changes such that on T+3 it is no longer borrowable. This creates a situation in which the short sale trade will "fail;" in other words the timely delivery obligation will not be met by the broker. In this case, a forced repurchase, or "buy-in" may be issued by the broker and the resulting buy trade will be charged to the Trader A’s account, thereby reducing or eliminating the short position. The Goddess of Entropy gave me a gift.