On another stock's mb, someone wrote: Put in a GTC (good till cancelled) limit order to sell for over $15.00 a share. This prevents shorts from borrowing your shares.
Anybody who's long should do this if this works. I'd like to stop my broker from playing with MY stock.
I've heard this story many times....
If only it was true...
Theorically, it is so. But I'm convinced that in the crookmarkets, big speculators can do what they want.... even borrowing shares when there's no availability.
Anyway... nothing wrong in doing that (I have a sellout order @ 10).
It actually is true, the firm holding stock in street name can not lend (hypothicate) shares that are in line to be sold. I've tried this before on this board but I don't think it really got anywhere. It couldn't hurt to do it.