It's coming !
Don't get in the shorts way, stand back out of the way and let the covering begin .
Don't give them your shares to cover with.
When you put your shares out there for sale......those are shares the shorts can cover with.
When there is a shortage of shares for sale.....the only choice they have is, is to bid the price higher to get the shares they need to cover with.
That is how a short squeeze is created.
If you google this......“DRUG ABUSE IN AMERICA: THE LETHAL NEW PILL HITTING THE STREET".....you will see that this is a re-run from March 26.
Shares that are short are shares that are borrowed from a long's account, that have to eventually be bought back after being sold short ,and returned to the long's account.
If selling by longs dries up, it becomes more difficult for a short to cover without chasing the stock price higher.
The shorter of the stock is by no means the rightful owner of the stock, only the long is the rightful owner of the stock, the shorter is only borrowing it from the rightful owner (the long).
When you open an account at a brokerage house you sign an agreement giving them the right to loan your shares out to a shorter......putting a GTC order in at a price above the current trading price does NOT restrict the broker from lending your shares out.
The absolute only way to stop your shares from being shorted is to request your stock certificate to be delivered to you, when you hold the certificate your stock is no longer in "street name", in "street name" the broker is in control, they can not control what they do not possess, since once you hold the stock certificate you can eventually sell through any broker of your choice.
By putting your shares up for sale........for ALL to see, then it makes it very easy for a short to acquire shares (cover) to return to lender. If there is NOT adquate shares available for sale.......to cover.... the price has to be bid up to coax shares to become available.
You are correct about the other way to stop your stock from being shorted is to have a cash account, I assumed that most here, if not all here do not have a cash account.
There is a misconception by some, here, and a lot of other message boards who think that if you put a Good Til Cancel (GTC) order on your stock that it can't be shorted
s_caldararo.....Haha, post after post youv'e been bashing here, yet you say you are long EXEL ?
Yah right !
What I find not "normal" is for a person claiming to be long a stock........but find that every single one of their posts be of bashing the stock.
An attempt at reverse psychology, an attempt at convincing longs that you are one of the longs, so you must be right.
That's not a new or unique game on these message boards.
Gladly being taken away from weak willed emotional longs.....and swing/daytraders.
Some more patience here is going to be well rewarded eventually.
She dispatched her best of best here......And they all came with all original and new unique material.
Like Timberrrrrrrr, Look out Belowwwwww, all that kind of never used before unique real scary original stuff.
wilderguide ....I thought the bashers prohibitted you from posting here ?
There are message board rules and regulations against posting anything they do not comprehend.
So cease and desist.
Don't be messing with their noodle.
No fair !
Hey dummy, how can you say this is a Head and Shoulders........and then say....."and we aren't even done with the left shoulder" ?
Hey meatball, in a Head and Shoulders chart pattern................the left shoulder is the FIRST shoulder, you can NOT have a Head and Shoulder pattern............without the FIRST/LEFT shoulder being complete FIRST !
Hey dummy, once again you demonstrate your amateurishness.
A 5 for 1 is NOT a Reverse Split.
A 1 for 5 would be a Reverse Split meatball.
A 5 for 1 would be a REGULAR split......where you'd get........5 shares for every 1 that you have.
In a Reverse Split, the smaller number goes..............FIRST.
A market maker for what ?
You've just proven here in less than an hour, you don't have a clue what a Head and Shoulders chart pattern is, and you don't know the difference between a Reverse stock split, and a Regular way split is.
Only a COMPLETE amateur would say...........5 to 1.
The absolute CORRECT way to say it in regards to a split is to use the word .......FOR........not.......TO .
Like 1 FOR 5.....or 5 FOR 1.
Here ya go dummy. Argue with this .
Definition of 'Reverse Stock Split'
A corporate action in which a company reduces the total number of its outstanding shares. A reverse stock split involves the company dividing its current shares by a number such #$%$ or 10, which would be called a 1-for-5 or 1-for-10 split, respectively. A reverse stock split is the opposite of a conventional (forward) stock split, which increases the number of shares outstanding. Similar to a forward stock split, the reverse split does not add any real value to the company. But since the motivation for a reverse split is very different from that for a forward split, the stock’s price moves after a reverse and forward split may be quite divergent. A reverse stock split is also known as a stock consolidation or share rollback.
I'm betting.......you STILL don't get it !