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Re: Profe$$or post# 7037

Thursday, 04/27/2006 3:13:30 PM

Thursday, April 27, 2006 3:13:30 PM

Post# of 115222
Prevent YOUR shares being used in SHORTing:

It is illegal for brokers to USE shares for which their are open orders in to sell, in their shorting process. Therefore put in HIGH sell orders, GTC, for AURC. Put them at $5+ or some such, then they can't legally be used against you and the rest of the longs by shorts. If there were no shares available to short with it would be a very different trading world.

I almost always put in sells when I buy a stock, just to prevent my shares from being used in shorting. Takes two seconds but if all longs did it, it would reduce legal shorting immensely.


BOL