Post by
Viking2233 on Aug 26, 2023 1:10pm
Buying opportunity
Next week should be interesting. Friday Exro closed at $1.98 and $2 is required to qualify for margin. Next week is end of month and brokers must get margin accounts on side. Now that Exro no longer qualifies for margin and next week being end of month should bring heavy selling pressure and a great buying opportunity for those with dry powder.
Comment by
mollyriley on Aug 26, 2023 1:41pm
Brilliant post and totally makes sense.Will be standing by for major discounted shares. Thx for the heads up. Unfortunately I have been in the exact same sellling pressure using margin in my early years of investing so know of what you speak is real. MR
Comment by
QuantumTime on Aug 26, 2023 2:25pm
Awesome - will get some dry powder ready. I've heard of this $2 issue before but in my margin account I can buy as many useless penny stocks as I want so I don't fully understand it but I don't think it is quite as much of an issue as it was 10-20 years ago.
Comment by
u30822 on Aug 26, 2023 2:48pm
Hopefully the brokers push the price back over $2 and avoid a selloff.
Comment by
nedstar71 on Aug 26, 2023 5:48pm
In most brokerages the threshold is actually $3 not $2
Comment by
TeamEddie on Aug 26, 2023 5:48pm
you would have to be a reckless gambler to buy a stock under $5 on margin for an investment as a qucik day trade sure but for months freaking insane
Comment by
Cosmo1966 on Aug 27, 2023 10:46am
Would be more interested in the short side than the margin right now. Any thoughts