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Thursday, 10/23/2008 11:17:27 AM

Thursday, October 23, 2008 11:17:27 AM

Post# of 103341
Market is up big again, maybe it's time to get in again? I feel bad for those margin call force selling. They must be pissed. This is why you shouldn't play stocks using margin money. I guess they deserve what they got.

I had $200,000 lesson using margin trading few year back when this medical equipment company (NYSE stock, but don't remember what it was DVI or something like that) dropped from 21 to 14 to 5, I bought a bunch on margin at 5 and it dropped to under $1 and then delisted = accounting fraud/cook the book. That was around the time of Worldcom. UGHHH..

Stay away from using money from Margin. They will force sell your stocks and you can't do anything about it.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y