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Tuesday, 05/04/2010 2:59:43 PM

Tuesday, May 04, 2010 2:59:43 PM

Post# of 22746
MPORTANT....How to stop the shorts...READ...

I didn't know this before yesterday.....I've heard many people from time to time say "put in a sell order WAY HIGH and block the shorts" ( thus taking YOUR shares OUT OF PLAY).....I never knew what that was refering to....

But yesterday I was on the phone with my on-line broker and he tells me that if I'm holding a LONG position.....shorts can STILL "borrow" my shares even though I own them....and SHORT them ( against me ).

But he did then tell me that I can fill out a form ( or just bring it up to them on the phone and TELL THEM that I do not want MY shares being "borrowed by others"....

LESSON HERE..... get on the phone with your on-line broker and TELL THEM you do not want YOUR shares available "to the shorts".......Doing so could go A LONG WAY towards saving the PPS.....

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