Excellent point!!!!!
Even Banks have a loan to value ratio for each stock that is purchased with the Bank's participation.When markets drop as is the case now,the Banks have a right(that's the fine print you sign off against without reading).
Quite definitely whichever Bank/Institution (GS e.g.) has lent the shares to a client at xxxx rate will immediately escalate that lending rate -OR reclaim the lent shares .
It follows that shorters will be feeling the heat from both ends - THE BANKS AND THE MARKET. How nice! let them get a taste of the real fricking world like we do, instead of having a laugh and a free ride.
Simply put,if the Bank is chasing you day and night to force sell OR COUGH UP MORE CASH,quite a few who are overstretched will do so!!!!!!!
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2.7¢ |
Change
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Mkt cap ! $288.2M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.8¢ | 2.5¢ | $1.352M | 51.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14394 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1175504 | 6 |
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