Margin Issues
Sorry Bamako-- I meant no personal insult, just hoped that you weren't involved. Snoopy you are right CIN is not marginable. That doesn't mean however that if you had another stock in your portfolio that was, you couldn't use that as margin to buy CIN however (I do it all the time), Problem is is that when that stock you are using as margin drops then you may get a margin call. Also, if you have a sizable account with the house they may turn a blind eye to your margin issues until the last day of the month when the books must be put in order for the higher ups (Yea, this has happened to me as well)
I stick with my original assesment and blame month end margin calls for the late day dump.
Again -- my apologies to Bamako
Rick The Vet