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Thursday, June 16, 2011

Playing it safe on the broker margin account

Following my sell of HOD, my data look better now:

Portfolio value: 110 456$
Margin account money still available: 20 528.48$

Much much better. As long I still have left more than 20k available on the margin account, I am safe. Also, by the end of the week, I will have a 1 000$ available in cash to deposit on the margin account. I will be able to proceed with this deposit on Friday. And once the Toronto stock market will become more “normal”, I will take 2 000$ from my margin account and apply the money on my 10 000$ credit line. It won’t hurt.

Ok, so just 2 more days to go before finishing this crazy stock market week.

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