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humble howard

12/26/20 12:27 PM

#136188 RE: Black-Ops #136167

Yeah, we had to maintain the 30% of the trade. @25% SEC and 5% the firm as maintenance. We had a broker short General instrument on the way up, then capitulated and borrowed money from his mother to go long when the stock finally went tumbling down. Let's just say his father was number 3 man at Coke .
Unbelievable how much he lost and our firm actually bailed him out after signing a very large note.
Shorting lower priced stocks is not for the feint hearted because they move in large percentages .
So I'm all in with you on this one.