Stock Chart

MRT - Everything but a Messenger Owl

07/16/2010 08:15 PM by Dave Pinsen

I mentioned yesterday I was forced to cover 20% of my MRT position by Scottrade yesterday due to an alleged decline in the number of borrowable shares ( http://shortscreen.com... ). I was notified by phone, e-mail, and hard copy memo dropped off by FedEx this morning that I had to cover another 10%, which I did at $5.05 today.

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  • 07/19/2010 02:20 PM by Dave Pinsen

    Got another phone call and FedEx today telling me I'd probably have to buy back the rest of the MRT shares by tomorrow afternoon if Scottrade couldn't borrow more, so I covered the rest at $4.86, for a gain of 6.9% on the last 70% (a gain of 4.22% on the MRT short as a whole). Put in a limit order to exit NATH, the long side of this pairs trade, as well.

    Rating:
    4
  • 07/19/2010 07:32 PM by Dave Pinsen

    Out of the other side of this pairs trade today too: http://shortscreen.com...

    Rating:
    4
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