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Re: Trops post# 1683

Friday, 10/28/2005 9:09:43 AM

Friday, October 28, 2005 9:09:43 AM

Post# of 79921
Trops...The only ways I know of to stop the MM's

From short selling your shares is to:

1) Buy and hold in a CASH Account, not a Margin Account...They can't touch them that way...

2) If all you have is a Margin Account, the Only way to keep the MM's from 'Borrowing' your shares if you plan to hold them for a Very Long Time, is to request your broker to mail you a Stock Certificate for ALL of your shares...

3) After calling Broker's from all three of our accounts (Fidelity, Ameritrade, and Scottrade) they all said the same thing: "Setting a Good Till Cancelled Limit Order to Sell all your shares at a price as high as you are allowed to, will NOT keep the MM's from borrowing your shares in a Margin Account" Period!

They all suggested that I transfer all of my shares out of the Margin Account(s), and open a new Cash Account...








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