njhowie
Thinks s/he gets paid by the post
- Joined
- Mar 11, 2012
- Messages
- 3,931
Interesting. Thanks for posting something I never imagined could happen. I wonder how short they were and how you were picked to get bought out. How many bonds were listed as being available when you placed your order?
It was just the 5 bonds.
The dealer wasn't looking to be short, it just happened because he posted a bond for sale which he didn't have in his inventory available for sale - it was apparently a mistake. After I bought it, and he didn't have it, then he was short. It wasn't a matter of me being picked - the trade shouldn't have happened - if I didn't get back in touch with Fidelity, or agree to take the dealer's offer to buy them back, then they would have canceled the trade. Again, not really sure why the dealer was being generous in buying them back from me instead of just telling Fidelity to cancel it as normally happens.