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Service Corporation International Message Board

  • marko6547 marko6547 Jan 29, 2000 2:34 PM Flag

    What Happens Below $5

    In my accounts, stocks under $5 are not
    marginable. It seems if one is holding SRV in a margin
    account and is using margin debt that a MARGIN CALL will
    be generated when SRV drops below $5 (and then is
    presumably no longer a marginable stock).

    Any
    comments??? Is this scenario correct???
    If it is, there
    will be a lot of FORCED SALES of SRV for a couple of
    days after it closes below 5$---DUE TO FORCED SALES
    FROM UNANSWERED MARGIN CALLS!!!......jm

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • You can't buy it below 5 on margin it doesn't
      mean you have to sell the shares you have purchased on
      margin unless you are no longer meeting margin
      requirements. On the other hand, I wouldn't recommend anybody
      being on margin in this the most overvalued market in
      the history of the U.S. Stockmarket.

 
SCI
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