SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Global Crossing - GX (formerly GBLX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: charger who wrote (13087)8/3/2001 2:18:05 AM
From: Marc Newman  Read Replies (2) of 15615
 
There's no margin issue. There might be a mutual fund issue where they can't own stocks under $5 but this margin thing is a myth. If a stock falls below $5 it may be non-marginable at most brokers but it doesn't generate margin calls just because it passes that barrier. Your buying power will disappear but the calculation to check your margin maintenance level stays the same. Ie, if you are far from a margin call when the stock is at 5.01 you aren't going to get a margin call when it closes at 4.95.

Now there may be people getting margin calls in the stock right now with it at 5.50-ish and that probably will pressure it the next few days.

Regards,
Marc
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News