RE:RE:RE:RE:RE:RE:Refreshing
VK400S wrote: I've heard numerous opposing theories on putting high sell orders to prevent borrowing.. Does it really work that way in Canada? naked shorts are allowed here and that means they can borrow w/o backing up with existing shares in rotation.
From what I understand, a naked short is allowed in Canada as long as you have a reason why you can't produce the sell order. You could say you flushed it down the toilet accidentally and it's ok. Also shares bought on margin technically also belong to the brokerage, therefore they allow them to be borrowed. But if you didn't then put a high price tag on it, they take a chance lending it to a borrower. Too bad they never ask you whether you want to let your shares be borrowed. Not a level playing field my friend.