Question about shorts that isn't covered in Help.

2 messages, Last post on Aug 26, 2008 at 3:12 PM

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#1 of 2 Question about shorts that isn't covered in Help. by pmc4 Aug 26, 2008 (1:12 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? Replies to this message: mikedrud (Aug 26, 2008 3:12 pm)
#2 of 2 Re: Question about shorts that isn't covered in Help. [pmc4] by mikedrud Aug 26, 2008 (3:12 pm)
Replying to: pmc4 (Aug 26, 2008 1:12 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. Mike CSX Game Supervisor