Anavex Life Sciences Corp (AVXL)

[JPG77]

I know many of the longs here believe that you can prevent anyone from borrowing your shares for shorting if you put your shares up for sale with a very high $ amount (so that it won't get filled). If you haven't heard by now, that does NOT prevent them from being loaned to shorts. Most brokers (not all) will loan your shares for shorting if you keep them in a "margin" account, as opposed to a "cash" account. I got so fed up with the shorting this week that I just called etrade and told them I wanted to make my shares unavailable to shorts and to register my shares in my name. They told me the only way to do it was to change my primary account (which is marginable) to a cash account, however there are benefits to having a margin account that I didn't want to lose. Instead of changing my primary account to a cash account, I told them to create an additional account (cash) and link it to my primary (marginable) account so that I can easily move my AVXL shares from the marginable account to the cash account. It's very easy and you can do it all online. It took me about 5 minutes. If you want to prevent shorts from borrowing your shares and using them against you, and you want to keep your marginable account, I would suggest you do the same thing - create an additional "cash" account and use it for storing your shares until you're ready to trade them.