sandysouci wrote: UNCLERON: RE: your statement:
"Sandy is a total tool !..... I put him on ignore months ago , clueless !....anytime you play games with stop loss you are exposing your shares , beware don't listen to soft bashers they want you to use stop-loss ....."... WTF are you talking about?... I have NEVER, EVER suggested to put in a stop-loss order (an order to sell your shares if the market price drops to a pre-determined LOWER level)... NO WAY should you ever do that with a lowish-volume, volatile small cap like PYR!!!... you will surely get taken out and lose your shares...
I merely suggested to place SELL orders in for all your shares, at a pre-determined limit price that is
MUCH HIGHER than the current market... ie., you do NOT expect to get filled at that price, because it is too far out of range...
the theory is that brokers cannot lend out shares to shorters -- if those shares have a sell order linked to them... this reduces the number of shares available to shorters, and who knows, might even cause some brokers to "call in" shorted shares if all longs suddenly and collectively do this?... some deny this works, but others say it does not... I have done it because it costs me nothing to do, and takes very little time to implement...
example, my PYR shares are currently set to sell at over $20.00 with an open good-until order... if by some total miracle they sell at that price in the next few days, I will be thrilled... but I place the chance of that happening at 0.50%...
I'm surprised you have me on ignore... really?... coming from someone who touts sky-high price targets for PYR on an almost daily basis, such as $100, $1000, etc... yes, some of us find those prices entertaining, and we appreciate your unbridled enthusiasm, but why the unrealistic numbers???... no need to go so high, we get the idea...
DISCLOSURE: I am a solid PYR long, hold a pretty hefty chunk of PYR -- in the 7 digits total $ value when adding in my HPQ, so that's pretty good conviction don't you think?...
[PS: and PLEASE don't tell me you're an alias of MoeMoney42!!!!!!!!!!!!!!!!... he is a delusional poster over at the SONA board... he is much maligned there, and I finally had to put him on ignore... you don't sound like him at all, but strange things happen here on SH....... if he has suddenly shown up here, I might just have to pack in following PYR here on SH, because he WILL destroy the board]...
Uncleron wrote: Sandy is a total tool !..... I put him on ignore months ago , clueless !....anytime you play games with stop loss you are exposing your shares , beware don't listen to soft bashers they want you to use stop-loss ..... beware !.....uncleron is always right ! ...Cheers...... $4.20 - time to smoke a joint !.........................
Moemoney42 wrote: This is absolute nonsense... shorters do not need 1 share of yours to short this or any stock.. and by putting a high sell price does not prevent them from shorting.. ever hear of "naked shorting"? Sandy just proved what an amateur he is.. this is widely known and he professes it like its gospel.. but its BS..! 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...