Paychest Inc (PYCT)

[crazyjerry]

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