FNM - shorted, bought it back then WTF?

Discussion in 'Stocks' started by polpolik, Sep 8, 2008.

  1. So i shorted FNM last friday at 4.97
    I bought it back premarket at 2.00

    A few minutes ago, (through IB), I saw the position is back in my portfolio? WTF? Anyone experienced this sh*t?

    Now it's halted so I can't do nothing with it.
  2. SEC suspended all pre-market trading in FRE and FNM.
    this was announced hours ago.
  3. Yeah. Arca allowed the trade to go through. Now I just got a bulletin from IB they busted my trade. Fuckers.
  4. Darshan


    I wouldn't worry I would guess you'll be able to get better than that...
  5. You do have a point.
  6. dhpar


    at least IB will waive commissions paid...:(
  7. Daal


    IB might be doing you a favor. even the analysts capitulated, opening should have tons of sellers
  8. You'll get better than $2, don't worry. Cover half on the opening minute or two, there will be a deluge of sellers, then do what you want with the rest - personally I'm going to ride it with a stop and see how low it might go. Then again if it opens at 10 cents or something stupid, I'll exit all.
  9. zdreg


    the stock was suspended. the trade was accidentally allowed by arca. it was then busted.
    stop whining about IB.
    #10     Sep 8, 2008