I just felt the urge to interject since te topic is focused on short selling. I think short selling altogether should be made illegal, like it was many years ago. It's like this. I cannot hop in my neighbor's car, drive it around all day, make money with it and then put it back in his garage at the end of the day. I would go to jail. Short selling is the exact same thing. Can a shareholder instruct their brokerage to prevent anyone from borrowing their share with the express intent to short sell?
the only way your shares can be made unavailable is to keep them in a cash account. if they are held in a margin account, then they can be borrowed, no matter what you do with a GTC sell order. The rule is simple, if you can borrow money to buy long, then the shares can be used to sell short.
Brilliant idea. I will be doing this to all of my investments soon. Why didn't I think of that? DUH. I am also going to start a facebook page informing a lot of uninformed "joe plumbers" and "jane nurses" out there how their investments are being USED, and also to instruct them on how to sequester their shares to hopeully put a dent in this nonsense, no matter how small. Ahhh...what a prodctive week...happy Friday, everyone!