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Arena Pharmaceuticals, Inc. Message Board

  • steveh8000 steveh8000 Oct 25, 2013 9:58 AM Flag

    Margin Money?

    I finally transferred all my ARNA shares from my broker accounts into one at Scottrade where I also held shares. Margin money to buy increased to over $27,000 ? Very tempting to jump on some more shares, I'll have to think about this dilemma and getting to greedy. Thinking of buying some and selling on a $.050 cent gain and holding what I already have. I'll sleep on it!

    Sentiment: Buy

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    • Don't do i man I did it during the EU apporval run up bought a bunch of shares at $9 and in the last few weeks have hade to pay off margin calls at over a 15k loss to cover my margin and lost 2k shares to boot.

      The only thing to use margin for is to buy shares before your cash or other dusbustment funds settle so you dont have to wait the three days for trades or transfers to settle. Now if you are heavily in the green go for it but if a negative 2-3 dollar swing would trigger margin calls I would stay off margin long term

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