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Rayvt,

You wrote, Could be worse, though. You could be the guy who shorted some trashy stock .... and it jumped up 400% overnight on a takeout rumor, whereupon he got a margin call and owes his broker $103,000 in addition to the (previous) $30,000 cash balance.

Can't find the link, his post was in the last week.


The guy's name was Joe Campbell. Here are some articles on his story:

http://ecreditdaily.com/2015/11/short-selling-without-a-hedg...
http://www.netpicks.com/106000-trading-lesson-learned-the-ha...
http://www.joshuakennon.com/how-joe-campbell-found-himself-1...
http://www.marketwatch.com/story/help-my-short-position-got-...
http://money.cnn.com/2015/11/20/investing/trader-gofundme-dr...

BTW, this was an actual short position - he wasn't short a stock through an options contract. He was also short his entire portfolio on a penny stock that had already been beaten up - which seems pretty stupid to me.

- Joel
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