RE:RE:RE:$1.870.22 | 13.33%....sweetJaybanks...you want me to talk margin and Scardla has appeared again on Cj board...lol jk.
Lots of posts I see from other posters about margin rules seem wierd to me as a $3 dollar stock price has never been a margin thesehold for me with my accounts. I have always been able to margin as long as stock is has a bid of 2.00 or more at close (can't just close at 2 bucks)...basically any stock for last 20 plus years. Only thing they won't let me margin is any type of betapro...like Hod, Hou, Hnu, Hnd, etc.
You make a good point I didn't consider the IIROC lists as I haven't run into it that before. I am with Scotia as well mostly.
I have wanted to swtich as I have had some bad wait times, my internet browser had wrong password saved and locked me out as it tried that 3 times. 50 minute ordeal to fix it.
But i owe Scotia some loyalty as they have given me slack with margin over the years. They give me 5 days to cover..they don't have too legally.
I would go to Qtrade if I was too switch. They seem to be the way to go from what other people tell me.
I would expect after so many days of trading above 2 bucks we would get reinstated.
Cj market cap is decent at 2 bucks which will be helpful it being down fast.
Cheers and gl bro
JayBanks wrote:
kavern23 wrote: My margin is going to be released if CJ hits 2 bucks....going to have more archers to hammer with...Thank you Mr Murray Edwards....we have brought the confidence back
I'm in the same boat, tho I believe before they open the reduced margin it has to be approved by the IIROC... I have the latest list of eligible securities, CJ was removed 2 lists ago...
That said, the newest list took effect yesterday and I have a company listed as added, but no margin allowance was added to my account for it... so I don't fully understand why not or how it really works... I trade through Scotiabank and expected them to be a day behind the date of effect, do you know the expectations for this?