Post by
JayBanks on Aug 27, 2021 2:12pm
CJ Added to LSERM
I haven't noticed anyone mentioning that CJ has been added to LSERM (Listed Securities Eligible for Reduced Margin) status list that was suppose to take effect 2 days ago. This means that you can get margin of 70% of the value of your holding. This can tend to be dealer specific and enacted differently dealer to dealer. For example I do not believe Scotiabank (or RBC) have upped the margin credit yet as they require a stock to be worth $5 shareprice or more, sometimes they take a week or 2 to give the extra margin on qualification I've noticed also. Previously or currently the rate is 50% if your dealer allows margin. But it's a noted positive for the company to be on the eligible list.
Side note, it's funny when the shares drop we always get people accusing Nuttal of selling out with no proof and lately we keep finding out that he is still holding with no target for a overvalued sale or is adding. Nuttal is pretty good at telling the public what he is doing and his opinions, let's let Nuttal tell us when his opinion changes not make outlandish assumptions because of high volume and price movements, there's tons of sheep in the stock market that sometimes change direction with little reasoning. Referring to Nuttal on everyday there's moves is becoming very hack analysis at this point, he doesn't move that often nor does he move markets on his own, it's all sheep that do that.
Comment by
fishbeecee on Aug 29, 2021 9:39pm
Love this!!! One thing I find is you have to sift through a lot of chaff to get a single grain from the hack analysis on most of these groups