Post by
BSdetector2016 on May 03, 2023 1:48pm
No longer marginable
The dump that began when it went ex-dividend has driven it below $3. Anybody that bought on margin following the dividend cut is now under pressure.
Comment by
flamingogold on May 03, 2023 2:29pm
Margin eventually catches up to the gamber investor. I play with my own money and since no one can perfectly time a bottom, I can wait it out especially when there's a distributio. If I had used margin during covid I would likely have been foreced out of some very cheap (now very profitable) positions.