It is the 3rd trading day from out last downfall so there will be some extra down pressure today. People who were loaded up on margin are being forced to sell on margin calls. Hopefully no one was that crazy and we wont see too much down pressure.
Checked with Schwab today to see if, given the price per share and volatility, if their maintenance requirement were still 30%.
They said it still was, but to check again before placing a buy. Additionally, they have been liquidating clients' shares in real time, for accounts that have fallen to precarious levels, to protect themselves as well as the clients.
Apparently, the terms w/i margin agreements allow brokerages to do this.