LuckytofidnWAVX you have a problem. You want to buy stock with money you don't have. (margin) No, everyone here will not be following you with this ill conceived strategy because many here did that the first time around and lost everything.
The only reason you would margin is because you don't have the money to buy the extra shares in the first place. If you did, you would not be margining.
One should not invest more than they can afford to lose. If you margin, then you are playing the fool's game.
The stock will not go straight up. So, what happens when it goes to $7.00, you margin to the hilt and then there is correction down to $4.50 and you have to cover. What are you going to cover with? You don't have the money, otherwise you would not have margined in the first place.
If you listen to me for one thing and one thing only, DO NOT MARGIN. It is the kiss of death. Many here already know that.
Snackman
