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Re: SIBA420 post# 31283

Monday, 02/22/2016 9:53:19 AM

Monday, February 22, 2016 9:53:19 AM

Post# of 37220
They are supposed to be covered within 3 days. Of course legitimate borrowing of shares legally suffices for covering. The real danger is when they blindly short and really don't have access to the shares they are shorting. This is where a price spike puts them in a bad situation. There short positions (not covered) begin to get exposed and it puts pressure on the margin account. If losses add up to much they are forced to buy shares to cover the short position. Can't wait for that to happen.

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