Thu, May 23, 2013, 1:16 AM EDT - U.S. Markets open in 8 hrs 14 mins
That is utterly asinine....and shows just how DELUDED the Street is about the relative risks here. Who ever heard of a DIVIDEND PAYING stock, trading over $5, that is not marginable.Curious what the other brokers are doing. Can anyone chime in with what the policy is at Schwab, Merrill, Etrade, Ameritrade, etc., on marginability of GCI?
"Who ever heard of a DIVIDEND PAYING stock, trading over $5, that is not marginable."ITIC (at Schwab last time I noticed)
I use ETrade and bought GCI on margin last month when it was 3.95/sh.
I noticed the same thing and didn't understand it either.