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Tuesday, March 28, 2023 12:00:24 PM
When a broker does these forced sales, they don't wait for a good price, they just hit the bid, even if it is ridiculously low and there is a big spread. This is why you often see pink/otc stocks trade at a ridiculously low price right at the open, particularly on Mondays (especially the Mondays after monthly options expiration) and on the first trading day of the month. Many brokers will let the margin call slide until the end of the week or month, but then enforce it first thing in the new week or new month.
A consequence of this is that you can sometimes get a fill on a really stinky GTC stink bid right at the open on those days.
If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!
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