Replies to post #17150 on Zeev's Turnips Patch-No Politics (ZEEV)

[brightness]

If you open a cash-only account, your shares are not available to short borrowing. As for interest, shorts are liable to pay any dividend that accrues while the short position is outstanding. The last time I checked, a long position in stocks does not accrue money market interest; you will need a long position in money market fund to do that.

[TREND1]

Bull
Most people do not know this.
If your account is big enough,
and you go short, we can use this
money to earning interest on it.

Back in Aug 1982, MER and the rest of the brokers
were shorting the market and making 14% on the money.

Just think of it.
(1)Sell some thing you don't own (Individual accounts)
(2)And make 14% interest on it.

I remember what my broker told me back in Aug 1982
"Larry This is the 3rd day of the rally and not a single
retail order to buy. The big guys are covering their short
positions".

Larry Dudash

[mlsoft]

"I'm not against short selling at all but I think that a person should be able to designate the shares in their own account as shortable or not-shortable rather than having to take delivery of the shares to prevent them from being shorted."
=========================================
BullDawg.....

Except for margin accounts, you have to explicitly agree to make your shares available for shorting. Most folks automatically sign the agreement without even knowing it, but a quick check with your broker would allow you to take your shares out of play. In my opinion, though, that would be unwise for all the reasons stated in many posts here tonight. Shorts are an integral part of the market.

mlsoft

PS - are you a Gawga Bulldawg?? The UGA UT game should be a good one again this year.

[sylvester80]

Your shares are shortable only if you have a margin account (which BTW, allows longs to also BORROW to buy stocks in a very similar way that shorts BORROW to short sell a stock). So if you don't want your shares to be shortable, then convert your margin account to a cash account. It is that simple. So as you can see you don't need to get physical delivery of your shares to prevent them from being shorted.