Brokers going to 100% margin for volatile names

Discussion in 'Wall St. News' started by stock777, Mar 21, 2008.

  1. As it should be and as I predicted.

    Let's face it, many of the customers of retail brokers are not too bright.

    You can see that clearly from the many postings here.

    The brokers have to protect themselves from these sub-genius types.

    It has less to do with the stocks then the concentration these idiots put on. Long and short.

    I would hazard a guess that quite a few customers got their pin heads ripped off in the BSC debacle.

    I applaud the 100% margin moves and suggest more of it.