Last post on Aug 26, 2008 at 4:12 PM
You are in the Car Stock Exchange
What is this discussion about?
#1 of 2 Question about shorts that isn't covered in Help.
Aug 26, 2008 (2:12 pm)
After stocks retire, we can no longer buy or sell. Nowhere in the Help section does it mention anything about shorted stocks when Retirement rolls around.
Suppose upon retirement I have shorted stock in my portfolio. Since I can't buy the stock back (cover), I lose everything, correct? In fact, I'd be in debt.
JULY 31: Shorted YUKh at $30.
AUG 31: Retirement comes and YUKh is retired.
SEP 03: Edmunds software calculates YUKh to be $5.94 per share.
AFTER SEP 03: Since I can no longer buy stock, I cannot buy YUKh at $5.94 to cover my initial short sale.
Is this scenario correct? Or does my short sale in YUKh get automatically covered on 03 SEP?
#2 of 2 Re: Question about shorts that isn't covered in Help. [pmc4]
Aug 26, 2008 (4:12 pm)
You will be covered. If you shorted YUKh at $30 and we set its final price to $6, then you will make a nice little bundle after we adjust your holdings to reflect the profit/cover.
CSX Game Supervisor