China MediaExpress Holdings, Inc. (fka CCME)

[Drexion2004]

I did not have an option to cover or not, it was done *for* me on my account by the broker. Sometimes they call you first (depends on broker) and tell you to cover yourself (Usually they might give a few hours). If you don't do it, they do it for you...So its not like they give you a fine or anything.

You remember when TDAmeritrade brokers made CCME 100% margin requirement right after the MW hit piece (intraday), when the stock dropped into the $11's (and then bounced soon after to the 13-14 area?). One friend of mine was forced, by the TDA brokers, to auto-sell his CCME shares in the $11 area due to that margin change -- Which was the low of the day. And this friend of mine had over 100k shares at the time with a huge account with over 10M in assets. This got him no consideration at all by the broker.

The actual account owner has no power in these kind of scenarios.

-Fernando