'fwayneh1 IMO
The only thing that works is use a Cash account not a margin account. I changed to Cash Account a while back. Or keep the certs in your name in your possestion. Anything in a margin account means per broker agreement that they can borrow your shares no matter if you put a higher GTC order in or not.
I did a lot of checking on this, Cash Account only. Ask your Broker if he is honest he will tell you thesamne thing.
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Anyone KNOW if this "scheme" below will work??
Found it posted on MGMX board:
"Posted by: bwk1
In reply to: negger0 who wrote msg# 6408
Date:9/7/2006 8:51:10 PM
Post #of 6436
I just read green arrow.. also here is a copy.. every one read. this is a great idea
A GREAT WAY TO PROTECT YOUR STOCK FROM MM SHORTING weatherbillSep 6th, 2006, 09:27 PM everyone, put your shares up for sale at 200% PPS .....this will help keep your stocks from being shorted....read below....let's get the MMs! Not sure if you all relize this because i did not till recently. your shares can be borrowed to sell by your broker thus making it easier for the mm's to short. however if you have a sell on your shares put in they cannot borrow them thus taking them out of circulation. keep in mind you can cancel this sell at anytime. i have mine for sale at 50.00 not that i look to get that but it does take all of my shares out of the mm game. put in a sale gtc and you can do the same here is how it works. they have x number of days to cover shorts. they borrow your shares cover the short and just short it again. thus increasing their time to cover them. without the shares available to do this they will have to cover sooner. most important to me is i do now want anyone borrowing my shares. they are mine and not to be used except by me. putting in the sale makes it so they cannot use them. I just sent this out to everyone on my Email Alert list. Trust me, that a whole lot of people!!!
AI
