One thing you MUST really research and keep in mind. I am sure there are plenty of folks who over leveraged themselves or just flat put up more than they were comfortable with. Also, some may have used a home equity line of credit or something.
With the caveat gone and a share price that stays above $3.00 for 30 days (that will need to be verified but it's close), BORK will become margin-able at the standard rate of 30%
So, what does that provide?
For starters. Let's say you bought 10,000 shares at an average of $3.00. you have $30,000 tied up. The miracle happens and BORK is at $10.00 on December 15th. Now your stake is $100,000. Why sell ANY and be forced into a capital gain you have to pay on 4/15/2012?
With a value of $100,000 you would need $30,000 in the account to "support" (properly margin) the position.
These are personal decisions that need to be discussed with a financial planner. I am just saying to be careful about taking a gain that taxes will bite in to.
With historical low interest rates, margin borrowing can be very
useful. Like college expenses for example!
Loving my BORK long :)
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