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Genco Shipping & Trading Ltd. Message Board

  • masterwallstreet masterwallstreet Sep 2, 2013 5:48 PM Flag

    To all the longs out there

    In my opinion only, to all of the longs out there who have shares invested in this company I recommend that you call up your broker and put a sell order on it for $15 on your shares and the reason for this is when you have shares in the company the broker could loan your shares out to be shorted that works against you. It brings the shares down. The only way you could stop this is if you have a sell order at a very high target so they can not borrow your shares. They can not borrow your shares to short the shares will go up. The massive amount of shorts and no shares are available at the present time to short this could possibly create a huge short squeeze. They could only borrow shares that have no sell orders. I do not know how many people know this or not. My sell order is $18.00. Bad shorts bad shorts what you gonna do what you gonna do when the stock rises on you you fool?

    Sentiment: Strong Buy

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    • That's a bunch of baloney. You can't prevent a broker from loaning out your shares in a margin account by placing a good-til-canceled order. Total myth. The only way to prevent them from loaning our your shares is to take delivery of the physical stock certificates, or transfer the shares into a cash account. The share loan survives a transfer of ownership in the event your sell order actually executes.

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