I hope to eventually recover also. However I will not be using any margin loans again. I thought I was only modestly borrowed against the value of the shares I held. However, when many of them drop 80 to 90% in value (ADY, INL, ROC, BTA, BSM) what was a modest borrowing eventually becomes fully borrowed. It seems to me sometimes that the relentless selling down in these stocks has an agenda, to force people with stops and/or margin loans to sell at the low share price. Anyway that is what it feels like to me.
My biggest regret is that I didn't trade the spread. Even today, if I had of sold for $0.63 or $0.64 this morning, I could have rebought in at around $0.57 this afternoon in stead of been forced to sell at that price.
Regards
SP
ROC Price at posting:
55.5¢ Sentiment: None Disclosure: Not Held
