RE:RE:Need support at $3.00 - Otherwise Margin callSPCEO1 wrote: Don't you think most of those folks were already forced to cover when it recently fell below C$3? And the stock did not really seem to react to negaitively when it fell below C$3.
Saurus100 wrote: I am really anxious about the next few days, specially if we ever close with a bid below 3$. Everyone who does not cover their margin will be forced to sell at what ever market price available.
We could see a significant drop of it happens....
Unfortunately...
No, because it never closed under 3 ! And with all the market meltdown, some may have been put close to a margin call, but now thwy will actualy face it ...