soho you clearly have no idea!
WPL on CMC is a 5% margin requirement
so $10,000 will give you $200,000 exposure which will be roughly 4000shares at $50.
So if you (shorted) at $50, and bought back at $47, that is $3 profit per share. On 4000 shares $12,000 profit!
ALOT MORE THAN 10% wouldn't you say...
ouch !, page-9
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Last
$24.26 |
Change
0.335(1.40%) |
Mkt cap ! $46.62B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 3973 | $24.25 |
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| Price($) | Vol. | No. |
|---|---|---|
| $24.26 | 25 | 2 |
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