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imiloa

02/25/11 4:04 PM

#23796 RE: Bobcat 12 #23795

The logic is that broker's won't allow folks to borrow your shares to short if you have a GTC limit sell on them.

My thoughts:
1. If your limit is much higher than the strike price, then the broker might allow them to borrow anyway.
2. This doesn't hinder naked shorting, in which no shares are borrowed.
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saplyak

02/25/11 4:13 PM

#23799 RE: Bobcat 12 #23795

Exactly right! Just set your sell limit super high at $6.00. Heck, if you got hit at that point anyway to sell, I don't think you'd regret it;-)

Let's lock up our shares and make sure no one can touch em to short us back.

Saplyak