LC
LendingClub Corporation
stock NYSE

20% capped in LC so final spot price will be 229 on monday!

Ok then this T-2 nav based LC and UC is fake?

LC is 229. Check nse website

LC will be applied on when prices fall below T-2 Nav price. Even after current fall the price at which etfs are trading are at discount.

Have already placed my sell orders to sell at LC tomorrow. Hope they do get sold.

I didn’t understand the logic though - so they are saying it has dropped 20% and already hit the lower circuit, so it can’t trade tomorrow, but it hit the LC yesterday right? What is the logic that if a stock hit LC on thursday it will not trade on friday? And after it hit 20% LC the spot price has dropped another 15%, which means ETF has to drop at least 20% more, so when it opens on monday will it drop 40%? Very very confusing..

How fake
Currently on groww
Lower circuit of SilverIETF is 300.30
And closing on friday was 295.22
Its already below LC right?

What's the guarantee it won't hit LC again on Monday? 😁

we can buy na if LC hit ? am asking

Remember the tweet saying "apple doesn't fall far the tree". Apes were hyped thinking it was a merger with Apple.
The eBay theory sounds way dumber than that. Did the whole eBay thing start because of LC tweet?

Most likely you will get it. People think there will be LC but the liquidity will be stronger. Retail is right now in panic mode. Smart money isn't. We were waiting for this dip.

Bro I personally think it's going down at least 15% tomorrow. Worse, it can even hit LC. Correct me if I'm wrong.

phir bhi it'll touch LC imo because there's going to be massive panic selling tomorrow

I cannot understand why every one is saying that Silver ETFs will open on LC on Sunday. Coz the silver prices are fallen 28 percent and the ETFs were already crashed 20 percent on Friday closing time. So there lies a difference of 8- 10 percent left for downfall and ETFs have LC of 20-25 percent. So the math is not mathing. Is there anything I am missing in this discussion?

https://i.redd.it/mpsjznnndogg1.gif
hmmm. sounds like something RCEO or LC would say! 😆🍻OP

Yes you will be able to trade but most likely it will touch LC by 12 so I wouldn't recommend buying/selling tomorrow, let the prices stabilize first. Trade only if you bought using MTF

How is the LC defined, last day’s closing price or current day’s opening price?

nah that was for the previous day's dip, tommorow it's definitely going to touch LC

Agreed, probably a good idea to buy silverbees as it should hit LC tomorrow amongst the panic

Technically you will be able to sell it tomorrow but the settlement will be done on Monday. But the thing is it's going to hit LC. Extreme sell pressure so 99% people won't be able to take an exit Tomorrow