Q.: What can you do to prevent your shares holdings from being shorted?
A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes. And don't forget to move your limit order up when the price starts to recover, then, that way your shares can't be shorted - not much but helps :D.
Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.
In my opinion this is well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very shares that you own.
I have done this. I think we can easily remove 1-1.5 million shares from the available amount shortable by placing GTC limit orders well above the market. Just from the shareholders on this message board. All my shares are now offered well above the current market.
Brjj, you need to get everyone tou know to do this as well. Everyone else, do the same. Make your shares unobtainable for shorting. You owe it to yourselves to not make it easy for this 2+ million shares short position.
Please, like voting, every single one counts. If each and every owned share of BSDM Medical were unavailable to be borrowed for short selling, there would not be a 2+ million share short position and much of this constant pressure on the stock would be gone.
The predatory short sellers will move on to easier prey if all the long shareholders make it difficult for them to stay in the short position.
Please, place 'good-till-cancelled' limit sell orders above the market so that your shares are labeled as "on order", and thus unavailble to be borrowed by the short position.
I remember it from last year. A few people has take part then. But it does not work. I´ve done it too but the timelimit for the order was over a few times. So i´ve stopped waisting my tranfer numbers......;-)