Expect a small drop today
About 1% but will not be shocked if it’s closer to 5%
I’m too cynical to expect it to go up today
Edit: we closed down 1.05%
About 1% but will not be shocked if it’s closer to 5%
I’m too cynical to expect it to go up today
Edit: we closed down 1.05%
I have a margin account. I use margin all the time. Never worried about it.
When HYMC dropped under $30 I used margin to buy the dip.
Last night I went to bed with $20k available in my margin account. This morning I woke up to a margin call. But, the value of my investments are up. WTF?!
Simple, SOFI changed the margin requirement for HYMC! As of today only 40% of the value of my HYMC is counted towards margin requirements. I had $138k in value for my HYMC but they changed the margin requirement on me overnight with no prior notice and only $55k counts towards margin requirements as of today.
They fucked me.
Think what that means. If you use margin to buy HYMC, 60% of the value of the stock will not be counted in the value of your portfolio for margin maintenance requirements.
They just made it impossible to buy HYMC on margin.
They forced me to sell 500 shares to cover the margin call. I’m pissed.
“Just when you think you’re out, they suck you in again.”
Ain’t that the truth.
Specifically when it comes to HYMC.
Granted, I own the stock so I’m bullish but for it to drop to $23 on no bad news is insane to me. Maybe the shorting had an effect.
Just me…
I’m in the green.
Wow
Hope I didn’t just jinx us.
What the fuck.
I can’t bitch about HYMC being down 10% when I look at all this.
Yikes.
“I guess I picked the wrong week to give up crack”
I know it’s just ….
No, $30? Seriously?
Bullish news and still drop to $30?
Yeah, silver is down, but still…
Royally annoyed
Not much going on right now and already bought the dip.
Any news on the horizon?
Let’s hope we rally next week