(02-26-2020, 01:00 PM)EricL Wrote:(02-26-2020, 12:38 PM)fenders53 Wrote: This mornings run was a sucker rally as we suspected. The market is fighting to stop the bleeding though. The weekend is coming and that represents some short-term FLU news risk. I'm not buying 100 shares of anything. The Prez is going to hold a press conference tonight and everything will be fine. Does he even have a Health Secretary or did he fire him last week? Doesn't matter, the FED should have known to cut rates and stop the flu from spreading lol.
If today's gains don't hold it could get ugly at the end of the week. Have to think margin calls would be going out on Friday if we drop much further.
Say a prayer for the TSLA longs Eric.
We don't need it to crash this week. I don't know the current margin rules. Back in the day they contacted you the day after a crash. Gave you about one more day to wire them some more money or they start selling your stuff at any price they can get. Orderly pullbacks don't cause nearly as much trouble for market volatility.Don't ask me how I know that. I was just a dumb kid.