Tuesday, June 30, 2020 11:23:25 AM
At 40 cents it took 2.50$ per share margin to be a legit short seller. Naked illegal shorts. They are toast.
At 1$ , still 2.5$ margin
At 5$ still 2.50$ Margin
Now it gets interesting.
At 6$ the short received a margin call , meaning you must deliver cash equivalents by usually noon West Coast time the next day. Although a broker can demand, DEMAND it faster. Also the broker can buy you in at any time. Yes shorts, read your margin agreement. It's there. Anytime the broker feels threatened that broker can bring a short to a flat position.
At 7$ the margin is 3.5$
8$ it's 4$
10$ it's 5$ All are margin calls. Almost for a week in a row the shorts have been receiving margin calls.
I will state that as of now most of the old short sellers we have been combating have been wiped out.
Ain't America a Great Place
Sleep Well Shorts
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