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 : Osicom(FIBR)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mama Bear who wrote (1514)8/25/1997 8:35:00 AM
From: Bottom_Dweller   of 10479
 
Support at $4? Maybe not.

There is one interesting nut to throw into this machine. If the stock gets to below $4, guess what, the stocks not marginable any more. If anyone owns the stock on margin, they will be getting some really ugly margin calls. Their buying power will be cut by the amount they have in FIBR.

You know what that means? They will be dropping this stock like a hot cake to cover their margin and get a different stock to cover the margin call.

Whenever you see a stock with this bad of a down trend go below $4, it drops to much lower levels, and stays there for a long time.

Cheers!

Kyle..
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext