InvestorsHub Logo
Followers 7
Posts 853
Boards Moderated 0
Alias Born 07/08/2013

Re: MallenNV post# 52942

Saturday, 04/15/2023 1:50:05 PM

Saturday, April 15, 2023 1:50:05 PM

Post# of 53156
If a person can buy debt shares of TREN currently at $0.25 per share, why not simply buy these shares and then sell them to retail at $1.41? That would be an immediate way to make $1.16 on each share.

Also it seems to be true by what you are saying that you could immediately book a profit of $0.85 on the shares that you are holding short at $1.10. It would seem to be too easy and too tempting to book these profits and then go on to other additional profitable trades.

How can a retail trader avail themselves with the opportunity to purchase these debt shares? I would much prefer to buy shares of TREN at $0.25 rather than $1.41 that IBKR would want to charge me to purchase shares.

I still do not understand how you convince your broker to not require the margin to short depicted in the $2.50 rule. You say the broker knows the pps will have to go lower so they do not worry about margin. If I told IBKR this reasoning I do not feel that they would acquiesce to this reasoning.

I find this all to be fascinating how you are doing what you do.

Thanks.