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Re: maverick_1 post# 40959

Thursday, 09/17/2015 2:34:11 PM

Thursday, September 17, 2015 2:34:11 PM

Post# of 701966

Retail has been large net sellers


Due to large margin calls in my margin account, brought on by the falling price of NWBO and another similar Biotech holding, I HAD to sell 40K shares on 8/11 - 8/12 @ a $10.00 average and another 30K shares on 8/26 - 8/27 @ an $8.00 average.

These were not voluntary sales to pocket profits but painful yet necessary sales to meet margin calls.

I would suspect that any stock that dropped from $12.50 to $7.00 would cause such mandatory sales to cover margin calls.

Thought this would shed SOME light on where those shares might have come from, I'm certain there were others in the same position as me.

p.s. please spare me the "never buy on margin" advice - I'm a big boy with a sizeable portfolio which I would not have amassed without buying on margin.

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