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Post# of 699515
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inveterate

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inveterate

Re: None

Tuesday, 04/08/2014 3:10:41 PM

Tuesday, April 08, 2014 3:10:41 PM

Post# of 699515
I was surprised to get an email this morning from Schwab asking if I would like to participate in their Securities Lending Fully Paid Program. Apparently, now when people want to borrow your stocks for shorting purposes your broker will pay you a fee. At the moment, the stock that they wanted to borrow from me was NWBO which is apparently in demand for shorters!
Obviously I am not going to participate since I have been a long for years and I do not want to increase the negative pressure on the stock but this was the first time that I had received a communication like this. I don't know whether any of you had received a similar email.
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  • 1M
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