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BesaoT35

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BesaoT35

Re: None

Friday, 06/28/2019 3:11:41 PM

Friday, June 28, 2019 3:11:41 PM

Post# of 3707
I have found in the past that with Fidelity, Ameritrade, and Etrade that if you place a GTC order for way above the current pps that it gets rejected. The brokerages make money buy loaning out your shares to the shorts.

Having a sell order locks up those shares. That is good for the longs. If all the longs had a GTC sell order in place it would support the stock price theoretically. This does not affect naked shorts though. I think naked shorting is illegal.

A$10 sell order might be too high to be accepted by the brokerage house.
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