Tuesday, April 14, 2015 11:46:26 AM
PREVENT SHORT SELLING REMINDER: http://www.hotstockmarket.com/t/54576/can-you-prevent-borrowing-of-shares-i-e-short-selling
Quote:
I was wondering what action an individual could take in preventing their shares from being short - in particular from what is often seen in penny stock manipulation. I've heard that there are three measures that could be taken but wanted to see if there was any truth to them or if there were perhaps other possibilities? What I've heard is as follows:
1) Place a Good till cancel sell on your long position at a higher price
2) Ask your broker to issue a certificate to you
3) Have your trades done in a cash account as suppose to a margin account
Is it true that if you do any of the above three actions that it would prevent individuals from being able to short your shares? If not, are there any measures which do work or others I did not express above? Thanks!
Quote:
Yes on 1 and 3.
2 is just stupid too do in the pennies. Not one person that has ever ordered their certs of a penny stock I know of has had it work out well in them. Most lost all their money. Any company asking you to order your certs is scamming you so you are stuck holding the bag.
But yes, if you place a high GTC or have a cash account, your shares can't be borrowed by your broker.
-Spec
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM