InvestorsHub Logo
icon url

cjstocksup

03/21/21 8:53 PM

#139810 RE: Pnypnchr #139808

No you are right. E Trade borrows shares intra day alot I busted them using my shares over the years and Ameritrade was always the worst. Lock up all OTC shares with GTC sell orders and check your account status mid day when you have time to make sure they are not borrowing them. I remember one of my stocks I called them on and when they covered it helped a squeeze that day up 40%. I lock up all my NSAV shares high with GTC sell orders.

So you're saying that all the Thousands of posts I've read to lock them up for sale are all Wrong?

icon url

nsomniyak

03/21/21 9:33 PM

#139812 RE: Pnypnchr #139808

Yes - they are all wrong. I have never seen that work.

Additionally, it is simply not verifiable. It seems a good ploy for a scammer to say "lock up your shares by placing a way above market order" and then undercut those offers with at-marker or near market sales that are subject to less contention for fills. Simple way to drive the remaining liquidity to one's OWN orders at current prices.
icon url

shotsky

03/21/21 10:07 PM

#139816 RE: Pnypnchr #139808

Of course they are wrong. Read the rules. Any stock that is up for sale is eligible for an mm to short (borrow). Period. they borrow them, and replace them. You never know.
You can learn this for yourself by simply reading the SEC rules for mm's. But SOME people would rather read posters that blame MM's for any change in stock price, instead of learning how it works, and pointing straight at shareholders, who hold the ultimate lever on stock price.
I can personally control NSAV's share price. SOMEONE would blame it on MM's or Jake. THINK about that.