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GLD

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Not applicable
To Simon,A few days ago I tried to sell some GLD Put warrants issued by ABSA.I wanted to exit my position,but ABSA would not buy back the warrant,any reason why not?the warrant has since dropped back,and I am in the red now.Any reason Why? Many Thanks J.Louw.
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3 REPLIES 3
SimonPB
Valued Contributor
how do you know they wouldn't buy? What was the reason offered to you for not buying?
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INTTHEMONEY
Contributor
i only buy std as they will buy back as i am client DO NOT TRADE OTHER BANKS UNLESS THEY R MARKET MAKERS
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Not applicable
Goldbug...lesson numero uno...NEVER PLAY ON SCREEN. ALWAYS phone the desks and place ur hedges either in or out..this way it's recorded and no one can mess u around...also gives u a chance to make some friends who maybe will help u out 4 a cent or 2 down the line. ADIOS!
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