Hi Danny, Thanks for all prior posts. I have 3 longs: 166+, 170+ & 174+. Also real shares for longer-term.
BCS ended $6.39, roughly converted, 161.70+. I have the margin to ride things out, but if I feel we're headed for 152 gap over next few market days, I'll open a short hedge & keep my longs open. But I'd keep them open anyway as we're likely to see 170+ again in decent time & so I'd treat my SBs like real shares, despite a bit of extra funding.
However, that's only my take. But if this market gets seriously crazy again, who knows where the bottom lies, or how long recovery time. Key thing is watching margin. - Regards.
As telatech was saying ----- you would have to have ticked the " guaranteed stop" box when you took the position on but that would cost you more and might not give you the stop price you were really after as they give you their available Guaranteed Stop spread on the stock !!!-- Hope that makes sense !!! --
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