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teq0904

07/04/12 1:54 PM

#3012 RE: bpkaus #3007

bpkaus
There is a 4 month hold on a pp, so that is way longer than anyone would risk on a short sale. When you get called on a short sale, everyone must buy back within 24 hours, which is what happened when I shorted dead dog AirCanada a few years ago.
You don't price a pp overnight and there is max 20% discount to trading price when you apply. It needs Venture approval, so crash goes your theory that the significant discount was needed to sell it.