Short on company which files bankruptcy - Traders Hideout | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout

Short on company which files bankruptcy
Started:March 29th, 2012 (04:26 PM) by Gary Views / Replies:902 / 3
Last Reply:March 29th, 2012 (07:25 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Short on company which files bankruptcy

Old March 29th, 2012, 04:26 PM   #1 (permalink)
CL Assassin
Near Dallas, Texas, US
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: ZenFire
Favorite Futures: CL
Gary's Avatar
Posts: 1,070 since Jun 2009
Thanks: 504 given, 2,222 received

Short on company which files bankruptcy

Quick question:

Let's say I short Best Buy and they file for bankruptcy, stock tanks, and then trading is halted or they are de-listed or moves to OTC for example? What happens to my share if I am still holding a short position while this takes place?

Anyone have experience with something similar?


Reply With Quote
The following user says Thank You to Gary for this post:

Old March 29th, 2012, 04:26 PM   #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


Old March 29th, 2012, 06:20 PM   #3 (permalink)
Identify Evaluate Execute
Mercer Island WA
Futures Experience: Advanced
Platform: Ninjatrader/Strategy Desk
Broker/Data: Various
Favorite Futures: TF/NQ/ES/Stocks
djkiwi's Avatar
Posts: 561 since May 2010
Thanks: 980 given, 1,510 received

Short on Stock

Hi Gary, I have never been in this position but would like to be . This seems accurate based on my knowledge but as he says usually there is fair warning with time to get out.

What Happens If a Stock That I am Short Goes Bankrupt?


Reply With Quote
The following 2 users say Thank You to djkiwi for this post:

Old March 29th, 2012, 07:25 PM   #4 (permalink)
Elite Member
Futures Experience: Advanced
Platform: MultiCharts
Broker/Data: IB & Iqfeed
Favorite Futures: ES , CL
sptrader's Avatar
Posts: 504 since Apr 2010
Thanks: 952 given, 615 received

I think you can contact your broker and buy back the shares for maybe $1 (or less), to close the position..

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > Short on company which files bankruptcy

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
F Ford Motor Company Big Mike Stocks and ETFs Trading 40 October 29th, 2015 12:46 PM
Eastman Kodak Files for Bankruptcy, Plans Overhaul Quick Summary News and Current Events 0 January 19th, 2012 02:00 AM
Pennsylvania capital files for bankruptcy kbit News and Current Events 1 December 3rd, 2011 09:16 PM
MF Global Files for Bankruptcy; Shares Remain Halted Quick Summary News and Current Events 0 October 31st, 2011 12:30 PM
Crystal Cathedral megachurch files for bankruptcy Zoethecus News and Current Events 0 October 18th, 2010 09:57 PM

All times are GMT -4. The time now is 08:51 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-27 in 0.07 seconds with 19 queries on phoenix via your IP