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Thursday, 02/14/2019 3:19:42 PM

Thursday, February 14, 2019 3:19:42 PM

Post# of 3517
I received an offer from Schwab to lend my shares to short sellers. It would pay me interest at a rate of a little over 5%. I talked to their rep for quite a while and learned a lot. To get my shares they have to get my permission and pay interest because I don't have a margin balance. If you have a margin balance then they can lend your shares without notification or compensation. Even though it would be abetting the enemy, I have to admit that I am tempted. Obviously, my lending would not be large enough to move the market. I mentioned the irony of the fact that OSTK is the one stock of mine that they want to borrow. He offered his opinion of OSTK, saying that if it succeeds it could be huge, though it's obviously not a guarantee, and it would probably take 5+ years.
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