I don't know how long you guys have been in the market, but in the past, when I was not exposed to (potential) margin calls, I would just completely ignore the market for a few months when it got crazy like this. Didn't want to stress about it every day, and you KNOW - absolutely - that it will come back, eventually.
This time, there is a possibility of a margin call. Only remote, because my leverage is only part margin loan, part secured loan. But a margin call destroys you, so I need to monitor the situation, and if necessary take whatever avoidance measures I can. As long as I avoid the margin call, I will have the assets in place to (eventually) recover.
Unfortunately, that does mean significant stress, which is unpleasant.
its not just you guys, page-4
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |