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Tuesday, August 12, 2014 3:49:22 PM
I would think, after getting suggestions from others, that it might be a better plan to just place the sell price about $.10 - $.20 cents...as the broker will probably not take serious, and may even laugh at a $50 dollar sell price on a stock trading at $.015...
Iwant actually suggested this and I have changed my sell order to be placed at $.11 cents, which is about $.08 cents higher than where I think the first margin calls will be going out...at around $.021 cents...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105194602
I believe setting sale to a high price like $1.11 does not prevent shorting. That's because that price is not obtainable in the near future, so it is not a threat to brokers. Something closer to the actual trading price would guarantee a lock on your shares like .05 to .10 for a current pps of .014. Brokers would not want to take a risk borrowing shares from accounts being that close to the pps.
"As iron sharpens iron, so does one person sharpen another." $1.11
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