World Surveillance Group Inc (fka WSGI)

[SEBASS]

HOW TO PREVENT YOUR SHARES FROM SHORTING--->INSIDE !!!

Since business update came out from Huff our CEO he has advised to protect your shares from short position since a lot of us have suffered loses due to shorting. http://globetel.net/press/20050802.html
I felt the need to mention that there is very easy way to stop your shares from being shorted without affecting your account in any way. Regardless of whether you have margin or cash account call and tell your broker that you want to

"Restrict your shares from being borrowed(shorted)"

If representative will now know what are you talking about or will mention transferring shares to cash account ask them to inquire their manager regarding this issue. Some representatives do now know this and brokers do not advertise this since they make money on shorting fees as well. I have done this with Ameritrade yesterday and I have margin account and I can still borrow against my shares. The only change there is that OTHERS CAN NOT BORROW YOUR SHARES. Cash account does not prevent from your shares to be borrowed either.
You can do this with cash account as well and the only way to protect YOUR shares from being borrowed(shorted) is to ask to do this.

IF ONLY EVERYONE HERE WOULD DO THIS AND OTHER BOARDS WE WOULD HAVE SIGNIFICANTLY LOWER SHORT POSITION. FIGHT SHORTING THIS WAY AND WE WILL WIN.

ANY BROKERAGE CAN DO THIS YOU JUST HAVE TO ASK THEM !!!!
If your brokerage plays stupid with your please let me know I can help you.