RE:Reducing Short SellingThe problem isn't short sellers, its the 90 million warrants which will likely soon be called to exercise. These warrants are priced at $1. The holders of these warrants are likely to sell the shares they bought to free up the cash, lock in huge gains and get their shares back for $1. You can make your own assumption as to what will happen when these get accelerated, but its not hard to figure out.
WinterBaron wrote: Copied this excerpt from an article I came across that many of you may be interested in. I tend to follow the practice outlined here and encourage others to do so as well. . . 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.
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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.
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Don't forget to move your limit order up when the price starts to rise.
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Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders do this it reduces the overall amount of shares "shorters" can get their hands on.
. Note: I posted this on a couple of other sites so you may come across it as you look around the bullboards. Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.cxr&postid=25636700#qsy5WqfDK7pHmd3H.99