Thursday, June 04, 2009 3:09:23 PM
The danger for CONC stock right now is short selling since shorting the stock will drive the PPS down. As most of you probably already know, in order to sell short they need to "borrow" shares from somebody else's account. However, they cannot borrow shares if they are spoken for - as with a sell order in place. I have put in a sell order for mine at $5 each to keep them from being borrowed for shorting. I figure $5 is high enough that I won't be hit with an accidental sale that I don't want (and since I monitor my accounts every day I can move that up to correspond with a rise in PPS.) I would urge anybody else who is interested in preventing such short selling to do something similar (the only other way to prevent shorting is to have the certificate in your name but then it takes days to deposit it into a trading account for use.)
Just my two cents...
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