Wednesday, March 23, 2016 8:50:19 AM
Your broker will buy the shares for what will be almost 100% loss. It might be 6 digits and as one poster stated after the fees it is basically a $0 transaction. But, you can now write off the loss.
It is more of a accounting convenience than the broker knowing what he is buying - with the thought the stock would rebound.
IG
"Are you gonna pull those pistols or whistle Dixie?"
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