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Re: Webconcepts post# 193323

Friday, 04/21/2017 10:05:23 AM

Friday, April 21, 2017 10:05:23 AM

Post# of 194795
what he is saying, though it does not apply in this case is that if you want your shares to not be available to those wanting to short the stock, you can put your shares up for sale to remove them from the market for short sales. Unfortunately that only works if you remain on top of the share price. If the Ask is 10.00 and you place yours for sale at 15.00 to stop them from being used, it won't work. Your ask is too far away from the inside Ask to be executed at those above levels. If the Ask moves to 13.00 and the volume is increasing anyone shorting your stock might receive an order to cover, to return your shares to your account and remove them from the short sale (which also helps to drive a short squeeze when massive buying comes in and buy to cover rules come into play). The only other risk, and it does not happen often, is someone might put in a market order to buy and unfortunately by your shares at 15.00 and then see the price fall back to the previous level. Not bad for you, disastrous for them. The only surefire way to have your shares removed from being accessed by shorts is to have your shares converted to certificates and your physically are in receipt of them.