I have my PATH shares for sale at $19.75/share so they are not for use by the shorts. Today schwab called me and told me that they would pay me to take off the sell order, hold the shares so that they could use them for shorts. They would pay me 10cents/share per month for this deal or 4,500/month. Shorts must be really worried now, that they need my little pile of shares. Everyone should put their shares up for sales at like $20/share to end the shorts. Watchthe fun then.
Sentiment: Strong Buy
DRJ - You may have there intentions wrong - this happened to me when I owned NEOP which is now
NAVB. They wanted to barrow shares and build a customer's short position. About a month after I
was asked to allow barrowing of my shares in which I denied them - a very negative article come out
about the company by the biggest short position holder which killed the pps. They will point out all the
possible negatives in the company. Many of the weak hands sell and the short seller eventually buys
back and pockets the profit. This was an overhang over the pps for months. This is completely legal
as long as there are no outright lies in the article. This is somewhat the sick side of the market.
I just got notified for shares also to lend...does anyone think the warrant holders are essentially shorting against the box (in the case delivery if the warrants can't get exercised until 6 months?....if the VC's can
take some off the table at 85% profit in a few months thats whats happening
The only way brokerage houses can't short your shares is if the transfer agent has your shares in your name or you physically hold the stock certificates
Is there anyone on this board that shouldn't have their mommy or daddy investing for them?
OR, if your account has a 'Non-hypothecation' clause as part of the written agreement between the brokerage and the client. The SEC requires that non-hypothecation be available. If your account has no non-hypothecation provision, you may request it. Ask your mommy and daddy about it. Or simply Google 'non-hypothecation, if mommy and daddy are too busy.
Mine are already up for sale at 20$ but I was wondering though when we all offer our shares for sale then aren't we helping in putting selling pressure on the stock. I mean there will e too much selling offers and it will weaken the stock ! Just a thought ...
"Shorts must be really worried now, that they need my little pile of shares": Looks like they are not worried instead they want shares for shorting, which they are unable to borrow from their sources. If they are worried and want to cover, they will buy from open-market instead of approbations you.