Margin Call ReenactmentBroker dealer : "Good morning Mr. Pinetree/Shelly, You are underwater on your broker margin and need to sell. Else, we will decide for you."
Shelly: SELLLLLLLLLLLLL!
Years ago, I lost ALL MY MONEY on Interquest. The key event in my opinion was when the broker margin call took away their Spectral Diagnostics shares at the low point at that time to payoff loan.
A hard lesson for moi but an important on in the school of hard knocks........
Suggest avoid until you see the damage from this awful event. I think it is much worse than the current share price decline as many people are buying thinking they ahve a deal on their hands.
Margin calls can take away your best positions as the tendency is to sell gains vs losses.
This is all just my personal opinion and I am a buyer of PNP at $2 or less once I see damage /fallout from this nuclear event