At artound 12.00PM tody IG raised the Guaranteed Stop (GS) level for HDR to 15%. You can still buy it in a standard account (no GS) at a 10% margin. Other stocks can be bought with GS in place at around 6% margin (5% plus a little).
They explained that it has risen 100% in the last 4 months and is showing increased volatility. What they meant was they are losing big time. I believe they hedge all positions - so I guess they have a big short book on HDR - perhaps that's helping to push it up - short-covering by IG, other brokers and traders?
H
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
