"Anyway I converted some of my shares to options ,and actually increased my holding ,but I still think it is bad form "
AHHHH great minds again Brendan:-)
Same here!
Not many,but it seemd like the logical thing to do given the value in the options Vs the spp which added 10% to my current lot.
Im betting you will see it back on the margin lending radar again at an even higher % come all the cash coming through and all the Mac overhang gone.
Conflict of interest?
Cant say it really worries me too much as Im not one to margin trade and personally(dont take this the wrong way margin traders)but imo its one of the riskiest ways to make money.
Either start from scratch or get a line of credit that you can manage yourself rather than be at the behest of a bank calling a margin on you simply so they can retain their risk margin in which case your pouring cash into a bottomless pit.Unless you are very very good at trading!
d.
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