DRAM ETF Sinks Nearly 32% as Margin Calls Hit Memory Stock Investors: Charlie Bilello Warns 'That Almost Never Ends Well'
DRAM ETF plunges 32% as margin calls crush over-leveraged memory stock investors. Charlie Bilello warns this mania never ends well.
A group of memory chip stocks dropped hard because many investors borrowed too much money to buy them, and now banks are forcing them to sell. When lots of people panic-sell at once, it usually creates even bigger problems.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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