Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I asked yesterday whether or not there is a short squeeze in Orsu Metals (OSU)? I don’t own any Orsu stock, so have no way of personally confirming whether or not there are any settlement issues in the market. However, if you bought stock on Monday on a T+2 settlement, it should be straightforward to find out. (And when I say, “should” that does come with a few caveats…)
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Comments
VINES
tryin to make news out of nuffin, sign of a bad journalist
J P Spaghetti
Good, informative article Ben – taking the time to explain the rudiments in a way that should be clear and accessible to all as you have maketh the man!
J P Spaghetti
Re. “You will probably find that whomever your first point of contact on the phone is will want to get you off the phone as quickly as possible. In the majority of cases he or she will simply look at your account, see that the system says the trade is settled and try and fob you off with this answer.”, would the recorded conversation be admissible should it come to that in the event that the caller was misinformed if THEY state by way of the familiar recorded message prior to the conversation proper that calls may be recorded for fact verification…blah, blah, blah. I mean, “may be” is surely giving permission and that surely works both ways? (It’s generally deeply ungallant in a Queen Victoria and submarines sort of way to record conversations slyly, of course, but if they themselves advise callers of this then that’s OK by my book.)