Silk Energy Ltd SLKEF

RE: Margin Requirements

[millright]

wailer, You stated: "Has to be 3 bucks or more folks to be marginable" I hesitate to question someone with A CSI diploma, but I've been told by others that they have margin available on stocks below $3. Were you inferring that for all brokers "has to be 3 bucks", or were you basing it on certain brokers? I ask this because I've been told that on certain other stocks, when the price went below $2 there was further pressure caused by margin calls. If this was the case, there might be manipulative efforts to flush out some margin accounts - or some panic by margin accounts to dump on their own timetable, not a forced margin sale. Also there will likely be efforts of support to avoid a free fall. Earlier this week Dundee and ITG seemed to be working in tandem to prop up the price - haven't noticed anything like this today. The run-up in the last last minute yesterday was lost almost immediately today - could it have been a bit of month end high closing? Going to be interesting to watch for the next while - looks like some of the uncertainty, that could have been avoided, is getting penalized.