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exwannabe

05/09/24 3:23 PM

#690100 RE: mugs57 #690090

The "use GTC order to prevent shares from being loaned" concept is urban legend.

If you are borrowing from a broker (via margin) they have the right to use the collateral as they wish. You signed the same agreement that anybody with shares in a margin account did.

If you are not doing so, they can not lend your shares out (unless they ask you to).

The GTC order matters nothing in either case.
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ccie1024

05/09/24 4:44 PM

#690121 RE: mugs57 #690090

Try 9x last traded price.