InvestorsHub Logo
Followers 2
Posts 62
Boards Moderated 0
Alias Born 07/11/2008

Re: darbyflier post# 11434

Wednesday, 03/25/2009 4:21:42 PM

Wednesday, March 25, 2009 4:21:42 PM

Post# of 24322
Look at what happened at about 1430 today. Broader market starts to break down, GSPG follows. I really do suspect the influence of margin calls on marginable stocks held in accounts with GSPG may be having an effect. Given the value of the lots traded here day to day are not that large (less than $100,000 usually), even one retail investor having a margin call and having to liquidate could have a large effect on the price here.

Because the margin call liquidation effect only works to depress the price, and there is no contrary effect, downturns in the broader market will be reflected but not rallies. Also, this explains an extended price recover time relative to the broader market.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LODE News