I was asked over the phone to partially close 2 of my short positions yesterday due to some of the "stocks being recalled". Today I was asked again to partially close another one.
These 3 stocks (that I was asked to partially close) were up at least 6% since Monday (for other ones which haven't been up too much (<5%), I wasn't asked to close)
I was wondering if I really need to do what I was told? (legally bound?). What happen if I don't partially close the position as instructed?
What was that "stock recall" all about?
I have been losing quite a bit $$$ for being asked partially closing my positions.
Any advice will be much appreciated.