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0 pointsjimbob455y ago0 comments

He lied. They’re forcing retail investors to sell their positions.

0 comments

Brokers must often sell customers' positions if they have insufficient margin. Where did he say they wouldn't?

True, but that's for leveraged positions. So I wonder was that leveraged position or just plain "own stock" position? If the latter, I never heard about broker liquidating a position against the will of the client, when settlement of debt is not involved. Does it happen?

Edit: screenshot from reddit: https://pbs.twimg.com/media/Es1pb5KWMAE19CD?format=jpg&name=...

mortehu5y ago

It applies to any margin position. This can just mean trading with unsettled funds. E.g. you buy a stock, sell it, then use the proceeds to buy another stock (or the same one) before two days have elapsed.

ZephyrBlu5y ago

$118? That's daylight robbery. It must have been the lowest point of trading today.

In fact, when I look at the stock chart on Yahoo the lowest value $GME had was $126!

https://finance.yahoo.com/quote/GME?p=GME

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mortehu5y ago

Brokers must often sell customers' positions if they have insufficient margin. Where did he say they wouldn't?

smsm425y ago

Edit: screenshot from reddit: https://pbs.twimg.com/media/Es1pb5KWMAE19CD?format=jpg&name=...

mortehu5y ago

ZephyrBlu5y ago

$118? That's daylight robbery. It must have been the lowest point of trading today.

In fact, when I look at the stock chart on Yahoo the lowest value $GME had was $126!

https://finance.yahoo.com/quote/GME?p=GME

1 more reply

j / k navigate · click thread line to collapse