RE:RE:Cash deposit or selling stocks to meet margin? It's always a pleasure reading your posts, Migraine. The alias does not sound congruous with your personality as it denotes something of an unpleasant nature :-). The way you structure your thoughts and actions...I keep thinking you must have been an engineer. They're very special!
I don't know about TD's other clients, but for my case, I exceeded the margin limit almost a month ago. They didn't do anything to my account. I don't know if they were busy calling their many clients who were much deeper under water, or they simply don't have enough manpower to call everybody. I do all my banking with them, so they have a clear picture of my networth so perhaps they think of me as less of a credit risk than people who have multiple accounts at different institutions. I'd be lying if I say I wasn't aware of my margin limit being exceeded (heheheh). I was just hoping oil would bounce back sooner. And so I ignored it. By the time they called me, it was just very bad.
I'm staying put because, like you, I see this furious drop in oil a result of market sentiment than material changes to the fundamentals.
It's still painful to have to think about the next margin call.
I don't know how to thank you. Perhaps I can tell you some jokes.
2 terrorists walk in a bar and talk
The bartender asks what's the talk about
Terrorist 1 - we are going to kill 14k people and a donkey
Bartender- why a donkey?
Terrorist 2- see i told you no-one would care about the 14k people.
A woman gets on a bus with her baby. The bus driver says, "That's the ugliest baby that I've ever seen. Ugh!" The woman goes to the rear of the bus and sits down, fuming. She says to a man next to her, "The driver just insulted me! He said my baby is the ugliest he's ever seen." The man says, "You go right up there and tell him off – tell him what he said to you about your baby is rude and unacceptable. Go ahead, I'll hold your monkey for you."
A guy took his blonde girlfriend to her first football game. They had great seats right behind their team's bench. After the game, he asked her how she liked the experience. "Oh, I really liked it," she replied, "especially the tight pants and all the big muscles, but I just couldn't understand why they were killing each other over 25 cents." Dumbfounded, her date asked, "What do you mean?" "Well, they flipped a coin, one team got it, and then for the rest of the game, all they kept screaming was, 'Get the quarterback! Get the quarterback!' I'm like, hello? It's only 25 cents!"