Replies to post #30062 on China MediaExpress Holdings, Inc. (fka CCME)

[blueskydriving]

"I have been told by each of those that they will be forcing all those nakeds to cover the first day. They only allowed them to establish the naked positions because they had puts that would have expired due to the halt -- A few brokers even required people to sign documentation to the effect that they would be forced to cover in the first day before letting them exercise their puts."

Doc,
Please just stop ... you are being naive. So, you mean brokers made them "sign" something. Wow! Is that just like the documents we sign when we agree to make payments when we buy a house. And, these investors with short positions will be "forced" to lose money on a Chinese microcap stock of a soon to be delisted company accused of fraud. Wow, tough break for them ... and, a lucky break for any shareholders that are still holding a position. I'm skeptical.

[RidiculousTrader]

IB stated to me that they would be covering all naked short positions on or near the open. I was concerned because I there was a chance with option expiration that I would end up short stock (was long put spreads against my june combo), fortunately/unfortunately for me most of my short 5 puts were exercised and now I am long stock and june combos!....