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Re: Good Sport post# 24442

Wednesday, 08/12/2020 6:11:58 PM

Wednesday, August 12, 2020 6:11:58 PM

Post# of 27409
Goodsport, A few years ago I researched ways to exclude my shares from the shorting pool. I came up with only one method. This applied to Schwab, don't know about any others. With Schwab, the only way to lock up shares is to take delivery of actual certificates of stock in your name. The vast majority of stock in investment accounts are held in the brokers name for the account of the holder who purchased the stock. That affords the fluidity needed to trade quickly. If you don't need that quickness, then you can receive your individual certificates, but it may take several weeks to verify that they are genuine when you decide to sell. This may have changed since my research, however at the time, my measly number of shares wouldn't make a dent against the numbers outstanding, so that was not worth the inconvenience.
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