Can you guys please call your brokers and ask them not to borrow your shares to shorts ?
If they reply that you have a margin account and therefore they have the right to borrow your shares to shorts just put a LIMIT SELL order GTC at 100$ per share..... this would make shares unavailable for loaning to shorts and possibly help reduce short interest on this stock.
Institutional investors own "only" 60% of the company, therefore this tactic will work !!!
Please let me know if I am wrong :)
add into the pot that AMD floated 57 million shares of AMD to finance the takeover of ATI. Those unhappy ATI owners of AMD stock are the ones you have to worry about some of those 57 million shares would have gone to individuals that had time restrictions on sale of their stock but when the time restriction expires look out below.
I always enjoy reading what another bunch of new recruits are up to, pumping and then dumping, then I always notice that most are gone within a few days or so due to the fact that they lost 20 cents a share. They are almost as good as short shares because by selling their shares so soon it creates a selling pressure that other newbies buy into. This has been like clockwork one newbie buys in then sells after a small lose to be replaced by another newbie and the cycle continues. You see most of these rah rah boys are in it for the possibility that AMD will rally they believe themselves to be clairvoyant, not relying on the financials and denying the fundamental reason for the fall in the first place. All these new Wizards of Omaha are doing, is adding to those fundemental reason for this stock to reach new 53 week lows every week you guys are creating a percentage of the selling pressure.
Trying to prevent shorting is just silly. If you're a committed long who feels this is a buying opportunity, then you should want short-selling at these levels. Currently there are 30million shares sold short with a 1 day to cover rate based on current trade volume. This is a perfect time to build your position (buy shorted shares) and take advantage of lower prices in a negative news environment. The fuel that feeds giant upward price moves in the stock market is the covering of short positions...so don't try to keep your shares from being sold short, encourage it! Today's short seller is tomorrow's panic buyer!
Thanks to your sharp mind and profound post, Monday is going to see all owners of the 750,000,000 shares of AMD common stock suddenly request paper share certificates, making it impossible to ever short AMD stock again.
You are brilliant, God's gift to the stock market. I wish I had thought of this plan.
Why? They are the tards of trading. They got blown out and went long on the AMD rumors. Now they are blown out and shorting a bottom because they don't understand the overall market forces.
Let them dig their own holes.
If we're smart we can blow up AMD and get away with twice our investment.
Hey, only look at Stork and a fragile Dutch bank only 1% shares is needed to double your money.
Very strange move by AMD to double shares :<)