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Hutchinson Technology Inc. Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Aug 25, 2011 9:39 AM Flag

    October Numbers

     

    You'll be waiting a long time unless this counts as crow:

    "I am long two hundred something shares at an average cost of over $3!"

    There. Now back to the relevant situation: You shorted at about $20/share, and that is good to have in your history; however, your exposure to share price movements is exactly the same as would be that of someone with a short position of equal size established yesterday at $2.06.

    To put it another way, if your broker made a mistake and covered your short position right now at $2.10, would you angrily call back and reshort at THAT price to go after your ... $1.85 target price for covering?

    This topic is deleted.
 
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