Anyone notice the margin req. of DMND was bumped up today with their brokers? Mine was 60% yesterday and its 100% today...Im not on margin but I did notice muy buying power reduced significantly after this.
sell this, buy DECK
Just checked Fidelity and the margin requirement for DMND is 30%
No problem for me. I got in at 2x buying power through Trademonster.
That is going to hurt a lot of retail investors. No one wants to tie up big cash and trade on 100% margin.
Margin buying dangerous. I am cash only so I guess investing 17K in DMND isn't a lot but to me its a lot of my savings. Thank god I don't have to worry about pulling more money out.