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Old 03-03-2007, 03:38 PM
llabb llabb is offline
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Join Date: Mar 2005
Posts: 1,321
Default Re: selling my shares off on elimated contestants on WSEX

Not that I remember. Somebody got reprieved to make the finals, but didn't go far.

And yes, I don't deal with this b/c hopefully I have few worthless positions, but the ones I do have, I just keep in case something screwy happens. No reason to sell them off at zero just for the sake of doing it. That's why I wasn't absolutely positive about the zero or 1 sell price, I remember people had slight difficulty with it last year.

People who short actively would know the answer to this, since they need to buy back at zero, in order to free up their funds. It's counter-intuitive to short, and fewer people do it, but there's a lot of money to be made there. More than buying the winner, if you do it correctly.

This should be obvious, since there's less vig on the selling short side than the buy side.
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