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Zecco.com » General Investing » Margin Trading » GREAT STOCK, Can I buy it on Margin
Last post 09-30-2008, 3:38 PM by bulldozer. 6 replies.
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  •  07-16-2008, 9:19 AM 33621

    GREAT STOCK, Can I buy it on Margin

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              I just bought what looks like a great stock.    ETLO    However, i want to buy more on margin, and my gut is telling me I can't.    I just bought the stock yesterday and my Margin Account was activated today, and the stock is up over 75%  already this week.       The problem is, the stock is a new IPO of maybe a month and a half,  and it is also a OTCBB stock.  I'm sure at least one of these must disqualify me from buying this on margin.    I believe possibly both.   If you know of either of these, disqualifys this transaction,  a really quick reply would be greatly appreciated.       I would do some quick research myself,  but it's 9:18 AM and the market is just about to open and I really need to focus, early this morning on this stock.      If the stock moves up even more today, I would love to buy more.     Thank You

  •  07-16-2008, 11:29 AM 33626 in reply to 33621

    Re: GREAT STOCK, Can I buy it on Margin

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    It is now up 92.8%  for the week.   Anyone with answers?  HELP?

  •  07-16-2008, 11:48 AM 33627 in reply to 33621

    Re: GREAT STOCK, Can I buy it on Margin

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              We'll this was the results of my own research, through  INVESTOPEDIA.      Maybe this will help others.      Thanks

     

    Securities that cannot be purchased on margin at a particular brokerage or financial institution.  Some classes of securities, such as recent initial public offerings (IPOs), over-the-counter bulletin board stocks, and penny stocks, are non-marginable by decree of the Federal Reserve Board. Other securities, such as stocks with share prices under $5 or with extremely high betas, may be excluded at the discretion of the broker itself.  

    Non-marginable securities must be 100% funded by the investor's own cash, and holdings in non-marginable securities do not add to the investor's margin buying power. 

  •  07-17-2008, 5:27 PM 33719 in reply to 33627

    Re: GREAT STOCK, Can I buy it on Margin

    Reply Quote

    Per Zecco Help/FAQ... upper right of screen: click on HELP

    select Margin Information....

    "(NYSE, AMEX, NASDAQ only - bulletin board and “pink sheet” stocks are NOT margin eligible) ""

     

  •  07-17-2008, 6:44 PM 33723 in reply to 33621

    Re: GREAT STOCK, Can I buy it on Margin

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    Bulldozer, aren't you glad you couldn't buy more on margin?  Now your question is whether to hold or cut your loss.

    By the way, one of the sell tells discussed in the Bottom Fishing group is a high volume up day following a rise.  This is especially true if an up day on low volume follows.  Also, a lower volume up day following a high volume down day off a top is usually a sell tell.

     

     

     

  •  07-29-2008, 5:02 PM 34463 in reply to 33723

    Re: GREAT STOCK, Can I buy it on Margin

    Reply Quote
    for new investors, better low your expectation on a specific stock.

    There's no general "great stock", unless you are doing illegal insider trading.

    a stock go up for today, this week, even this year may simply go down tomorrow.

    when you think you can make easy money, think about how much you can afford to lose first.

    if you think you can beat the market, think twice.

    simple rules for new investors:

    1, do not buy on margin;
    2, do not day trading.

    if you think you can afford losses, you can override the said rules.

  •  09-30-2008, 3:38 PM 40392 in reply to 34463

    Re: GREAT STOCK, Can I buy it on Margin

    Reply Quote

    Hey, i figured you's all might appreciate an update,  I actually received almost a 2-1/2% on my money,  and this is always my goal.  Small consistent profits,  and tiny losses.

    buy at 28.30

    sell at 29.00
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