Arcan Resources Ltd ARNBF

Today's margin call

[Buy_Lo_Sell_Hi]

Today's 1:00 EST margin call activity (taking the price down to $1.70 on ARN and
.99 on SCS) wasn't as bad as it might otherwise have been, supporting the idea we may finally have bottomed. Has anyone else noticed the 1:00 EST activity over the past month, surely related to margin calls? I think it's been a big influence on price pessimism.

[bonjovi501]

Why are the sellers lining up other then we are heading a lot lower. Can you imagine us at $1.50 or lower?? Management must come out with some sort of news release to help this sell off from going further. I bought a bunch of shares yesterday at $1.85 average and now I wished I waited for a few days.  

[Buy_Lo_Sell_Hi]

Patience is a virtue. No one consistently predicts the EXACT bottom. We are close enough and you'll be rewarded. In a margin call situation, sellers are forced to sell - they don't line up to sell. When a stock drops off a cliff for consecutive days like this, margin calls keep the sell-off going. I'm saying the margin calls for Arcan seem to have tapered off to a point of being

[Buy_Lo_Sell_Hi]

p.s. $1.72 was my revised bottom. I'm all in now and will hang tight until the upswing starts in earnest.