I just REMOVED ALL MY SHARES from the shorting pool, by putting in SELL ORDERS for everything I own (both PYR and HPQ)…
the orders have limit prices set FAR HIGHER than the current market price, so they will NOT be filled -- unless the shares go up a lot…
I set the expiry dates well into the future, so those orders will just sit on the books… I will move up the expiry dates (and limit prices) as required…
the reasoning behind doing this is that shares with pending orders attached CANNOT be lent out by brokers to shorters…
if everyone (all longs) does this together at the same time, shorters will have FAR fewer shares to short, and could possibly be forced to cover immediately if suddenly the shorting pool evaporates… they will have no choice but to buy back the shares in the open market…
this simple tactic costs nothing to do, has no risk, and could be extremely effective if EVERYONE does it right away, and keeps those orders in place over time…
my orders for PYR are currently set over $10.00, and over $1.00 for HPQ…
JUST DO IT!...
PS: if you are a large shareholder, your actions could be especially powerful and beneficial...