Post by
TonyDj on Oct 24, 2016 1:01pm
PREVENTING YOUR SHARES FROM BEING SHORTED !!!!!
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. All you do is enter your order on your own for self directed or phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double todays 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. I HAVE JUST DONE THIS FOR 30 Days in my accounts and will continue as I had no idea that brokerages can do this. Now imagine if we all locked up our shares. Get the idea ?????