Shorted RFX... Hmm.. Now what?

Talked to my broker and he said that it's basically up to me to sell it. He said it will go to the OTC, then once it's there, I can buy the shares back. As long as there is a market.

He also said that I will continue to pay interest because of margin, but if the stock went to zero and disappears completely, then the broker has to await information from the OTC exchange that it no longer exist. In that case, then my position is closed out and I still win. Either way, it still looks good for my 1500 short position at 10.28.
 
I ended up buying to cover before noon when RFXCQ was listed on the pinks..

The broker asked, "Do you want to place a market order? Or"

He's just doing his job, but what do I care about a few pennies..

BUY TO COVER!!! I see the stock went to the .60's.. Maybe I could have waited, but why look a gift horse in the mouth????


I ended up making 13.4K on it.. One of my best trades ever..!!!
 
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