SI
SI
discoversearch

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.
Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: S Shaw who wrote (8395)12/15/1997 12:40:00 PM
From: vegetarian  Read Replies (1) | Respond to of 9285
 
>>Dumb question: If they suspend trading, how do I cover, if I have to cover at all?<<

I doubt you can do that unless someone is willing to lend their worthless shares for you to cover (you could advertise on the internet and elsewhere and give them a part of your profit :-); that is the reason one should not get too greedy and wait for the last few points.



To: S Shaw who wrote (8395)12/15/1997 1:42:00 PM
From: Bill Wexler  Respond to of 9285
 
<<If they suspend trading, how do I cover, if I have to cover at all?>>

This depends on your broker.

I understand that some will let the position "hang" at the last price, and any margin+profits which were released are yours to play with, as long as enough margin remains to cover the position.

Sometimes a broker can help you out by calling around to see if anyone has certificates.

You can also post messages on SI and Motlrey fool and offer to buy the certificates from any longs that got stuck.