ImmunoGen Inc (IMGN)

[skitahoe]

It's my belief that brokerages each have their own margin requirements, and they're subject to change. I've not used margin for years, but got killed previously when requirements either were changed for IMGN, or when it's price slipped to the point where the requirement changed. I certainly believe it's a way that the brokerages, and MM play with individual investors to manipulate stock price.

In at least one case, I saw the allowable margin to go from 50% to zero purely based on a decision by a brokerage that the stock was too volatile to permit any use of margin. It certainly dropped the share price dramatically, and I suspect some Institution was able to load up with shares cheaply. In part I believe such manipulation is why the stock is as low as it is today, as I've heard that some brokerages increased their margin requirements. Just add some positive news on the Phase 3 Trial and I believe we'll be looking at new 52 week highs, but until we get such news, no telling how low it might go.

Gary