sandysouci wrote: whoa Breizh, I think Developbc was just saying that I might have gone too low with my limit prices, and that a big deal announced could set this stock into overdrive, perhaps far higher than we can comprehend right now... I don't totally disagree, especially when one considers that there could be a short squeeze, and if that happens, ANYTHING can happen with the price, and calculated "valuations" might mean nothing...
the suggested method is designed to help that happen, in addition to reducing the number of shorters hitting on PYR/HPQ, and thus also the number of dangerous toxic bashers here on SH...
I have just upped my limit prices to over $20 for PYR, and over $2 for HPQ... I agree, trying to go too high might trigger an "out of range" warning from your broker, but I have not seen that yet with my prices (but I have many times in the past)...
I have done this for ALL my accounts -- not just margin account... when you think about it, the brokers have to be very careful when lending shares out... if there is a short squeeze and the shorts can't replace the shares, what happens???... I'll bet this tactic applies to most if not all accounts, including TFSA, RRSP, etc...
anyway, if we ALL concurrently set up these "high limit" sell orders, in all accounts, it can only help, and might do so more than we expect..
Breizh1 wrote: What part of "orders have limit prices set FAR HIGHER " is it that you do not understand "dev..bc"? Sandy was extremely clear as to the procedure and how to cover your sides. I do the same, with a sell price @ 10x the current price for 30 days. Is that explicit enough?
All you have to hope is that your broker will not reject your sell order, which they could if the messages received are clear enough. :"out of range.."
developbc wrote: Your limit prices should be set way higher bc imho those sp you stated can can be easily achieved in the near horizon in more ways than one :)
Long and strong PYROGENESIS and HPQ!!
sandysouci wrote:
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...