I have some on etrade was 100% marginable
but they changed it the day of earnings
to 0 margin, I have till tomorow send in
$, but I can see were alot traders had
to sell some if not all there shares because
of this, today is last day of selling
I find this also interesting, Etrade also usually has a 3PM deadline for the meeting of the requirement, and when did this move back up to the unchanged level, about 2:58 PM, could there be some kind of manipulation , nah............
No, that rule has to due with being allowed to day trade, also a stupid rule as any one should have the same rights regardless of net worth.
That aside, margin is the amount you are allowed to borrow for purchasing stock. Some stocks have special requirements, this did not and was changed at Etrade to a 75% requirement.
They did same thing with puda was 100%
marginable, then day of earnings pulled
the rug and 0% margin stock went from
10 to 8, once the margin was taken care
of up everyday look at it today, etrade says
april 7 last day to clear margin, so
tomorow be no more sellers and
go straight up