Replies to post #10945 on Worthington Energy, Inc. (fka WGASQ)

[xZx]

it's really not that necessary to place GTC orders. MMs sometimes go short, on an intraday basis, but only to shake the tree when their stock is in an uptrend.

selling is good for a chart. i wouldn't want to do anything to discourage weak hands from getting out. MMs are like wolves, scouring the hillside of rabbits. they perform a job in the penny ecosystem.

the flipside of this is MMs who push a stock sky high. when do they do this? when they have loaded up a bunch of cheap shares. how do they get the cheapies? by shorting on an intraday basis. see what i mean? selling is good.

i encourage anyone here who is the least bit "on the fence" to hand their shares to a bull. again, this is just accelerating the "weeding out process". the fact that we're heading higher means the vast majority of traders are greedy, but it never hurts to have profit taking along the way. that lets in new money, which aims for higher prices.

[WhiteSahara]

Any shareholders here that put WGAS shares up for sale to keep them from being "shorted" are participating in an urban legend. It's an old wives tale that is absolutely false.

If you have a Margin Account, you can borrow funds to buy more shares than your funding would normally allow. By the same token, in a Margin Account the brokerage can borrow against your shares, EVEN IF THEY ARE UP FOR SALE. Most brokerages won't borrow against your shares unless you are actually using your margin.

TD Ameritrade recently sent out documentation stating that they would notify their customers if their shares were being shorted. Their policy is typically to only short against those utilizing their margin.

If you want to absolutely lock up shares and make them unavailable for shorting against, you need a Cash Account. You can't borrow Brokerage margin money and conversely, No shares can be borrowed from a Cash Account to short against. The negative to a Cash Account is after a trade has been completed, the funds from the trade aren't usable for three trading days or until the trade has cleared.