if you place a sell order at a high ask price they will have to borrow youre shares at that price. is a zimple concept but it works only when many share holders do it at the same time. i don't know how the hedge funds and other major holders are sitting with these but iam sure nobody wants their shares to go lower than these, you can repeat these post for people and the idea and we can start taken back our value for our shares on our own is our money not the crooks who short these stocks. any other ideas to benefit the stockholders lets welcome them. please answer to this.lets start with $50 or even higher price
I did an account transfer. Didn't have to sell any shares. Ameritrade just transferred the stock into their accounts. This is the only way to go if you want to lock up your shares at a higher price and you trade with Scottrade.
Read my post above. Scottrade penalizes you for trading stocks under 1 dollar a share. the 7 dollar commission is not used and the rate is based on the volume of shares you trade. If I sold Freddie and bought Fannie the round trip trade would have cost me over $5000 in commisions at Scottrade. based on 761,000 shares.
Scottrade also does not allow you to put limit orders in way over the current price level. Scottrade won't even let you put a limit in at 3 dollars t this level. Well all of those BAD Scottrade rules has definitely STRESSED me out. So I switched both of my accounts to Ameritrade and I have put a limit order of 25 on my 1.1 million shares in both accounts. Ameritrade does'nt raise the commission price either if you buy or sell a stock under 1 dollar. Commission is still $9.95 over or under a dollar.
Had I known this earlier I would have saved myself from some MAJOR STRESS!!!!
There is a reason for doing this, the first is when shorts have to short, they have to borrow your shares. So you can lock them up with a sell order or tell the Trading Desk you do not want to have your shares available to be borrowed. Also, old fashion but this also works is to receive your share certificates if your Equity position is for the long term. The draw back is the( Real Criminals, Jim Cramer and Hedge Funds like Citadel that are Naked Shorts by SEC REGS only have to locate shares not borrow them. The effect is they are trading more shares than are available in the float and reaching authorized levels. Let the SEC and our lieing reresentatives know we know their game. Steal from the little guy until he finds out.
They have to give FRE and FNM back or they will have to Nationlize all banks.They cannot do it to one.
What they are really doing is preparing to change the currency either the Amero or the Euro.