InvestorsHub Logo
Followers 240
Posts 12423
Boards Moderated 0
Alias Born 08/14/2003

Re: Orangeman3 post# 5054

Wednesday, 08/31/2005 3:18:54 PM

Wednesday, August 31, 2005 3:18:54 PM

Post# of 36792
I just spoke with Fidelity and unfortunately, as I suspected, I cannot order certs of shares that are held in a Roth IRA. The Fidelity rep did tell me that they limit the allowable short to roughly half the shares they hold, but that's probably many millions of shares.

I still like the idea of having this stock in my Roth IRA, but this is one shortcoming of that type of account.

I also asked about putting in a sell order GTC at say $1, I was told that wouldn't change the number of shares held by Fidelity, but I still have a feeling it would prevent my specific shares from being shorted. I'll probably do that.

Gary