Geobio Energy (fka GBOE)

[jibberjabber]

This is another example of a Buy In.
There has to be folks that are short in this stock.
I don't believe the Buy In has even started.
In this article it says the broker will give the client a few days after the delivery date.
I wonder how many days the other brokers are going to give ST?
There will still be a short covering in some capacity going to happen with GBOED.
When and how much of one when is the question. You can tell by all the bashers that showed up today, someone is trying to drive the stock down.

I will be adding to my position if it dips on Monday.
I added more to my position today.

Your broker has 3 business days from the transaction date to deliver the shares to the other party. If it does not do so, there will be a "Fail to deliver" status on the transaction and your broker will issue a forced buy-in call that you will have to execute so that new shares are bought in the market and deliver to whoever bought your shares (from when you opened your short position originally). This will close out the transaction and might result in profit or loss to you depending on the price at which they were executed. Most brokers will issue the buy-in call and allow you a day or two for you to buy back the shares yourself so you have some control on the price (remember, this might be your whole position or only a portion of it). If you fail to do so though, your broker has the right to close out your short position (fully or partially).

http://webcache.googleusercontent.com/search?q=cache:kYgYVCCh71cJ:tradingdemystified.blogspot.com/2010/03/forced-buy-in-short-position.html+forced+buy+in&cd=5&hl=en&ct=clnk&gl=us

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