American Home Mortgage Investment Corp. Message Board

If your holding of AHM shares is classified as a marginable security, have your broker reclassify the holding as cash if you can. This way the shares can't be loaned out for short selling.

Even if you paid cash for the stock, your broker may still classify the shares as marginable if you have a margin account. Fidelity does this, and it pisses me off. But if you request that the automatic journalling feature to margin be removed, as I did with my holdings at Fidelity, you can have the stock reclassified as cash and thus not available for securities lending.

Wow, you are so desperate here that you are actually calling your broker so they won't allow your shares to be shorted.

HAHAHAHHAHA, sorry but that is a sign that you should get the hell out of this. Seriously, exit stage right asap. Your move isn't going to make a lick of difference and it shows that your confidence in AHM just ain't there. Do yourself a favor and let yourself sleep at night again.

This strategy only deals with what I call legal short selling. It does not work with naked short selling where delivery of a stock to sell never occurs. That's an SEC matter which I hope they prosecute.

Thanks for the information. I'll do the same with my broker.