Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Here's a link to a TheStreet.Com article about discount brokers limiting margin trading on ATHM and many other stocks considered volatile (primarily internet stocks).

http://fnews.yahoo.com/street/broker.html

This will reduce daily volume for ATHM, which is generally considered a bad thing. However, I'm in favor of the brokerages' action. I prefer that online investors are protected from 'dangerous' trading (from themselves?) and that volatility decrease a bit. I spend a bit of time in the wee hours of the morning (I've got a newborn) in Yahoo and Excite stock talk chat rooms. Many foolish folk are killing themselves with poor margin trading.
It's their problem, not ours, but I hate to see it happen anyway. Maybe now they can learn a little before they commit financial suicide.

Grin
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.