404,000 shares traded, a couple weeks ago 4000 traded one day. anyone else find this interesting?
The psychology I've heard is that people tend to sell their winners, not their losers. Hence the breath taking downdraft in Gold and Silver (how's that "safe haven" working for ya?) today (though it's made worse by the ETFs being in a vicious downward feedback cycle ... as the price drops they are forced to dump even more on the market)
But I heard somebody being interviewed on CNBC this afternoon in fact saying that even the professionals are more apt to sell their winners than their losers.
Thanks, and forgive my ignorance! Just discussing, throwing a straw out there to be grasped at as to why the price is here.
The thing everyone seems to agree on is buying with the insiders and at this price, that's what matters. Sure would like to see a push up in a few months like past run to 1.50's... only to 4 this time : )
GLA, and have a good week-end! It is beautiful outside here, I am gonna go enjoy it...
i think $4 is minimum can use as collateral, have to doublecheck.
Are there limits on stocks you can use as collateral against margin? or are you saying it is minimum four dollar stocks to be used as collateral?
as far as zbb being included in marginable stocks, my broker has limited it to stocks over $4.00. i guess higher margin requirments might force stocks to be sold.
Try this thread for discussion of what I'm talking about. This isn't just ZBB down.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=te&bn=80993&tid=13878&mid=13878&tof=2&frt=1#13878
MARGIN COLLATERAL Moose...
How many places would actually allow you to margin ZBB in the first place.
I personally disabled margin to not be tempted.
I do think you guys are discounting the effect of margin rules change on stocks, forced selling for awhile now.
IB Risk Management department has submitted a revised schedule for the Small Cap stock margin increase (note that this includes any stock having a market cap below USD 250 million, or equivalent).
COB= close of business
COB 9/21 goes to 35%
COB 9/23 goes to 50%
COB 9/28 goes to 75%
COB 9/30 goes to 100%
If ZBB has been used as margin collateral and then lost half it's value through forced selling before they revised the dates, and rattled some more holders on the way down...then deleveraging your position would make you choose the loser to sell wouldn't it? compounding the selling pressure... some would sell this before, oh say, a company with a green income statement :)
Just my two cents, doesn't matter really.
Buy when there's blood...