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Friday, 05/24/2019 5:14:03 PM

Friday, May 24, 2019 5:14:03 PM

Post# of 34745
Something big is about to happen.

This is why I think so...I had purchased, on margin, appx 8k worth of another stock and this morning Fidelity drastically changed the margin requirement on MRKR and sold me out on 900 shares to meet the new requirement. Normally, I receive a text, an email, a notification on active trader pro and sometimes a call notifying me of such action. This time I got nothing but a message in the message center. I have never looked there for correspondence. I always used one of the other 4.

Today, I found it strange that all of a sudden the margin requirements had to change and the account had to be current by 3:00. All on one day. Why the urgency? They sold me out at 3.76. I called to reverse that trade and have them sell the stock I actually used margin on. I was up over 10% on that position. They refused to act. I suspect since the stock is hard to borrow and today is options expiration, I sense something nefarious is going on. They wouldn’t even allow me to transfer funds into the account and to reverse the trade. They told me to buy back next week. I sense next week may be to late.

I’m curious if any others had a similar margin call with Fidelity that had to be resolved today.

Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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