I'm all in....licking my wounds.
Does anyone know how long margin calls take to force the sale? I'm wondering when the next shoe will drop? 2-3 days, right?
Discretion is the better part of valor!
I'm all in....licking my wounds.
Fall of the Republic.http://www.youtube.com/watch?v=VebOTc-7shU
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Current estimate:
Down 41 cents, plus Monday's -$1.26 = -$1.67.
Fall of the Republic.http://www.youtube.com/watch?v=VebOTc-7shU
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Check with your broker, in the terms of your account.
They've been known to do margin calls and require the money to be placed in your account before the close of business that day.
In the '87 crash, lots of people got caught because they could not get through on the phone to their brokers, and the brokers had to sell their customer's stocks on the margain call that day before the close.
Although now we have the internet, so communication won't be the same problem, if you are highly leveraged today you need to look at where you are, and what your broker's policies are. (Actually, you should have been doing that a while back).
Trading, in its simplest form, is the process of capturing the disconnect between perception and reality.
Why is the F fund going down with interest rate cuts?
Griffin, should we get out of F?
Where's Ronald Reagan When We Need Him!!!
Current estimate:
Down 9 cents, plus Monday's -$1.26 = -$1.35.[/quote]
Fall of the Republic.http://www.youtube.com/watch?v=VebOTc-7shU
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