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Re: slob post# 6215

Friday, 05/13/2011 8:15:02 AM

Friday, May 13, 2011 8:15:02 AM

Post# of 95661
RE:

what you can do to keep your shares from being borrowed for shorts to use is to put a sell order in for your shares for say at least $1/share...that way your shares in your acct. can't be touched for MM's shorting skeem



I have heard that many times before, I dont know how true it is, but its worth a try setting a GTC order for $1... I am going to do it now!

Status Open
Symbol PHAR
Description PHARMSTAR PHARMACEUTICALS INC COM
Action Sell
Quantity xxx,xxx Shares
Route KNIGHT EQUITY MARKETS, L.P.
Order Type Limit at $1.00
Time in Force Good 'til Canceled
Conditions All or None
Trade Type Cash
Market Session Standard
Order Date 05/13/2011, 08:25:44 AM ET
Cancel Date 09/12/2011
Order Number E13BDZBC





Wikipedia Short Selling
http://en.wikipedia.org/wiki/Short_(finance)

Shorting a stock? How to prevent it?
http://community.tradeking.com/forum/categories/general/topics/4535-shorting-a-stock-how-to-prevent-it/forum_posts

Can you prevent borrowing of shares? i.e. short selling
http://www.hotstockmarket.com/forum/thread/54576/can-you-prevent-borrowing-of-shares-i-e-short-selling