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Cuban

Mark Cuban responds to an email questioning his claim that as a short seller, it is possible to avoid ever having to cover your short position if the company stock goes to a very low price or the company goes out of business. Cuban reiterates that in such scenarios, there is no need to cover the short, so it is indeed possible to short a stock and never have to cover. He offers to further explain his position if still unclear.

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445 views1 page

Cuban

Mark Cuban responds to an email questioning his claim that as a short seller, it is possible to avoid ever having to cover your short position if the company stock goes to a very low price or the company goes out of business. Cuban reiterates that in such scenarios, there is no need to cover the short, so it is indeed possible to short a stock and never have to cover. He offers to further explain his position if still unclear.

Uploaded by

pilond2
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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----- Forwarded Message ----From: Mark Cuban < mark.cuban@dallasmavs.com> To: David Pilon <pilond2@yahoo.

ca> Sent: Sunday, October 24, 2010 7:19:42 PM Subject: Re: Fw: 2nd phase bank rubcty payments so what does that have to do with spongetech and this ridiculous emails ? If the company you are short stock goes out of business or its stock goes to a very low price, say pennies, there is no reason to cover. You just stay short. hence the quote So it is possible. __________________________________________________________________ On Sun, Oct 24, 2010 at 6:06 PM, David Pilon <pilond2@yahoo.ca> wrote: Mr. Cuban, I did read the article. Correct me if I'm wrong, but the general idea you wanted to express is that shorting is good since it brings a healthy counter balance against the classic bias toward people pushing for the price going up (long). But you said on many occasions you shorted and never had to cover. It's the idea that you never had to cover that doesn't sound possible. You say it is.

_______________________________________________________________ Full E-mail header of above e-mail (for verification of validity):


From Mark Cuban Sun Oct 24 23:19:42 2010 X-Apparently-To: pilond2@yahoo.ca via 98.136.165.85; Sun, 24 Oct 2010 16:19:44 -0700 Return-Path: <mcuban@gmail.com> Received-SPF: pass (mta1226.mail.mud.yahoo.com: domain of mcuban@gmail.com designates 209.85.214.176 as permitted sender) X-Originating-IP: [209.85.214.176] Authentication-Results: mta1226.mail.mud.yahoo.com from=gmail.com; domainkeys=pass (ok); from=gmail.com; dkim=pass (ok) Received: from 127.0.0.1 (EHLO mail-iw0-f176.google.com) (209.85.214.176) by mta1226.mail.mud.yahoo.com with SMTP; Sun, 24 Oct 2010 16:19:44 -0700 Received: by iwn7 with SMTP id 7so3110597iwn.7 for <pilond2@yahoo.ca>; Sun, 24 Oct 2010 16:19:43 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=gamma; h=domainkey-signature:mime-version:received:sender:received :in-reply-to:references:date:x-google-sender-auth:message-id:subject :from:to:content-type; bh=fXa8Nuk1mZ18b5z/EG0DM+eISaKlb2iHrWRf2qTV5t8=; b=C/drxM8a4cT4jryfRYZ7l/3wIpgC7V5a/0tsFy40V995EqdpsxnCBaI3vJW25q5Cr5 wkYWFgflBo+N4+0L7IbiG8HwtLDRErCZQ14nAyUCtoWbmE2TZC5H5mmWFzCn7nh/AhYQ o+jWsYp1uuFicMzPA2BZgluCc5bRs1dEZny5U= DomainKey-Signature: a=rsa-sha1; c=nofws; d=gmail.com; s=gamma; h=mime-version:sender:in-reply-to:references:date :x-google-sender-auth:message-id:subject:from:to:content-type; b=fb1hGAJqOkZAZQf+d3xbKUoEtL/69AF177I6cm5latL0KEL3Ss6CDa5ub9vIOZDSFp vG5A4JBu3TNVHqsoxct0MmWlWh11DHErDVBRt2+gC2Veu1d882kMLMXq8vTdybrgl90W APQm3bAKYnPIrwUBXocRzZuMyzTT9aIzuOluA= MIME-Version: 1.0 Received: by 10.42.22.132 with SMTP id o4mr4052267icb.479.1287962382518; Sun, 24 Oct 2010 16:19:42 -0700 (PDT) Sender: mcuban@gmail.com Received: by 10.231.30.76 with HTTP; Sun, 24 Oct 2010 16:19:42 -0700 (PDT) In-Reply-To: <401145.39772.qm@web113013.mail.gq1.yahoo.com> References: <91525.79363.qm@web113014.mail.gq1.yahoo.com> <AANLkTi=YKToz9wc4jRvqtBp01cz46gzEKonPdjAh10Ub@mail.gmail.com> <966128.96864.qm@web113005.mail.gq1.yahoo.com> <AANLkTimjwnQ83JkW9t2NGWASEY9+-JzHH456jtvEGcsm@mail.gmail.com> <889807.22772.qm@web113005.mail.gq1.yahoo.com> <AANLkTinQ4N8DnBeq+_haA4AYJuCJBLfOT+XZQNAXMmqq@mail.gmail.com> <34437.92349.qm@web113006.mail.gq1.yahoo.com> <AANLkTi=WMW0_B5E8un0pfsHJpK=-itoSpyBoac_v59Do@mail.gmail.com> <401145.39772.qm@web113013.mail.gq1.yahoo.com> Date: Sun, 24 Oct 2010 18:19:42 -0500 X-Google-Sender-Auth: yJHu_X6hHN1q1-j1rjct9Kh4_Z4 Message-ID: <AANLkTinG0JHEdV9y+kfKrnUtcnXAxE3_9=-82Rs2r2c5@mail.gmail.com> Subject: Re: Fw: 2nd phase bankrubcty payments From: Mark Cuban <mark.cuban@dallasmavs.com> To: David Pilon <pilond2@yahoo.ca> Content-Type: multipart/alternative; boundary=20cf301d43404b49da0493651c9e Content-Length: 36761

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