Thanks Souze! L'hypotheque rulz ok.
You could move your stock to a margin account which would give you greater financial flexibility. It enables people to borrow money, buy other stock they suddenly want before they sell something else. It enables you to have a credit card [debit card actually], cheque-book, get funds wired etc, using the stock as security.
Increasingly, financial institutions which deal in stock will become a replacement for a bank. That's how we work now apart from a bit of money needed to buy petrol [gas], dinner, movies and green fees. Oh yes, expensive ADSL Web fees too!! And expensive toll calls!!
So, if you open a margin account, and put your Globalstar stock in there, you get more control of your destiny. You can reduce price drops by moving the stock back to a cash account for example.
Actually, if Globalstar share price keeps dropping, brokers will be moving the stock to cash accounts anyway to reduce risk of default. They want security on stocks with little risk of failure.
Maurice |
