What happens when you close a stock that just split?
I was all happy closing my DEER short today after seeing a 50% drop in price. Then I realized that they hadn't adjusted the starting price for the stock split and the stock actually rose today. I immediately canceled my close, but I see that others did close their picks. Will these guys take a big hit when the starting price is readjusted? If I wouldn't have remembered the split I would have been in the same boat. There's got to be a better way to account for splits in CAPS.