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IAintRichYet

02/21/10 8:39 AM

#77178 RE: ayepirate #77164

This is futile. Most brokers would cancel such a transaction (100 times the current price) as unrealistic by the end of the day. I tried this with a GTC order with TDAmeritrade several times, and they always canceled the transaction shortly thereafter.

I'm starting to be believe that placing high sell orders to thwart shorters is just an old folk tale told on these message boards.