How to Prevent your GOHG Shares Holdings from being Shorted?
Shorters beware
I received this from another trader who we both have an interest in many of the same stocks. It may help a little but won't stop completely. JMO.
Quote:
To short-sell a share speculators have to borrow the shares in the first place. Once they have done this they need to sell them in the market, and if this is done en-masse it can push the share price of a company down in the short term as there are more sellers than buyers in the market. Hedge funds specialising in short selling may also cause panic in the market by selling lots of shares in a company as other shareholders become worried about the share price plunge.
What can we do?
Quote:
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes. And don't forget to move your limit order up when the price starts to recover, then, that way your shares can't be shorted - not much but helps .
PUt GOHG Sells at Double current price. So now your shares will not be used against you. It will help but not stop shorters completely. Going fishing today. Good luck traders
AI
