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DragonBear

11/19/15 4:45 PM

#99491 RE: integral #99490

Wasn't that particular stock exchange listed, which different margin requirements apply?

What could a stock exchange do to get it around the 2.5 margin requirement? I assumed starting with the $37.5K, adding in the 2.5 margin requirement, and then the broker requiring a 50% margin requirement range beyond that. Guess technically he could have shorted 7.5K shares. But if you use 6K shrs *18/shr movement, then the result is the amount he claimed he lost. The end result loss amount makes the initial assumptions plausible, as to the number of shares Etrade allowed him to Short. After all he was looking for that shur fire -2 "fade", and would've maxed out his shares.
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janice shell

11/19/15 4:48 PM

#99492 RE: integral #99490

Seems ASKE, a Michael Zoyes clown show, plans to do its second 1:2500 reverse split of this year:

http://search.sunbiz.org//Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2015%5C1117%5C79074261.Tif&documentNumber=P13000003024

Another corporate action FINRA ought to find a reason to reject. But given their recent behavior, I'm not holding my breath.