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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: michael i olson who wrote (849)11/24/1997 5:50:00 PM
From: the Druid  Respond to of 164684
 
Would mind to tell us which brocker you are dealling with?

Thanks.



To: michael i olson who wrote (849)11/24/1997 6:04:00 PM
From: Don Westermeyer  Read Replies (1) | Respond to of 164684
 
Michael,

Sorry to hear that. Hopefully you made a profit on it.

A call is one of the risks of selling short, especially one as heavily shorted as AMZN. There is nothing you can really do about it. On a day like today I'm sure there was no voluntary covering. You might still luck out tomorrow though.

I wonder if it is related to options trading in some way?

I got to admit I sweated a little after reading this and immediately checked my accounts.

Does anyone know how they decide which shares to call when this happens? It might be based upon how long you held the position, I don't really know.



To: michael i olson who wrote (849)11/24/1997 10:59:00 PM
From: Candle stick  Read Replies (3) | Respond to of 164684
 
Michael, try NOT RESPONDING. You have 3 business days to cover. Many times if you do nothing, the broker will find the stock to replace elsewhere. This has happened before. If you really MUST buy in, then force them do it for you at the last possible moment. Let us know how it goes. I bet they do nothing and you can remain short......;^)