Pyrogenesis Canada Inc T.PYR

I just REMOVED ALL MY SHARES

[sandysouci]

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...

 

[developbc]

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!!

[Winston123]

Be careful. Not sure if you can , but I would x10 those numbers just incase. You don't want to get triggered prematurely when big news comes. Jmho 

[Breizh1]

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

[sandysouci]

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 "

[Parksville]

mine are up for $200/share heh

[Gottofly]

I tried to set a high limit price, but was unable to as my number of shares are too high and the sell hits several million. So with larger holdings, this doesn't look to be possible. The note did say to call directly the TD broker......but I don't think I will bother. PYR will hit the heavens, patience has seen us get this far, don't panic if it is not this week or next. It is not far

[Shaggy91]

OK I just wanna know what happened to those posters calling the chart for 2 DOLLARS , they seem like the disappeared into thin air? :)

[Yajne]

...thin air?....or just buried in my iggy pile   

[TITANIUMJOE]

Question.... if Peter owns over 50% of the shares and he doesn't put a sell order in for his then will it even matter if we all do it?

[PRedictIVEai]

This post has been removed in accordance with Community Policy

[Olderguy1]

Good point ! But maybe he has actual paper shares that are not deposited in a brockerage account and cannot therefore be lent out.

[sandysouci]

ha, ha... you can BET that Peter has made absolutely sure that his shares cannot be borrowed by shorters... keep locking up your shares folks!!!... we control a lot more of the free-trading float right now than people think..

[TITANIUMJOE]

I put in my order at $50 and InvestorLine cancelled it, stating it was out of range. I just resubmitted at $39 so let's hope they let it through. Surely it is conceivable that in 45 days a stock can go up by 10X

[TITANIUMJOE]

Nope. They cancelled my sell order again at $39 Seems like they want to haggle over price. Should  I try again at $38.99? 

[pipelines]

I put mine @ $20 for the max amount of time and it was good. Scotia itrade I will have to make sure it doesn't get taken out LOL

[sandysouci]

do you reallly need to go so high... why?... seriously, I put mine in at approximately $20 and $2 (PYR and HPQ)... if things start to really heat up, I can easily raise the limit price in a few seconds... and if someone wants my PYR shares now for $20, I will gladly sell them to you!... PS: sure, we could absolutely see $39 at some point, but if someone thinks that will happen within the next

[kingscorpion]

Well i did bring this issue several times while holding PYR shares earliest one being at least a year ago and few times after that. What you all also need to know is that they can not borrow funds from RRSP accounts however I am not sure if that is the same for TFSA. I believe it is On the other end if you just have a savings account you will be taxes on and on top of that your funds can be

[kingscorpion]

Also keep in mind if you ve say put a sell.order at around $10 and that morning opening price happens to be $15 you will get the $15. sale per share instead of your $10 sell order you put in

[TITANIUMJOE]

i didn't think they'd refuse $39 since it was good for 45 days  tomorrow I will try lower. 

[GOGREENBABY]

Yes TITANIUMJOE, apparently they don't know who they are dealing with. You should keep resubmitting your sell order, reducing by a penny each time until you finally wear them down.

[MaxlRose]

I suggest you to read about ''Naked Shorting''  All this is futile. GLTA 

[Winston123]

Put mine at $70. Got a warning, but looks like it went through. 

[vers1demainvert]

Same thing happened to me with TD. But with DESJARDINS there was no problem even with a much larger number of shares than TD's.

[Ilocanuck]

"Non-regulatory halts are like speed bumps that trigger when a stock breaches a price percentage move threshold either up or down too quickly. These halts are often referred to as “circuit breakers” and meant to pause the action to stabilize the order imbalance. The NASDAQ implements circuit breakers on stocks that quickly spike or fall beyond the 10% or 20% range threshold within a

[Ilocanuck]

  I forgot to mention, Sell limit is only for one day's duration, so I do it every day....

[sandysouci]

sorry, but I'm confused as to what you are doing???... I have put in plain-old, simple sell orders, specifying a limit price... and the duration can be quite a long time, not just 1 day... EXAMPLE: sell 97,000 shares of PYR at limit of $20, good until Nov-27... an order similar to that was accepted immediately by the system, and is just sitting there now, until it expires, or I decide to

[Ilocanuck]

This was in reference to my post previous to "I forgot to mention, Sell limit is only for one day's duration, so I do it every day...."   The danger of putting a longer time frame for sell limit up to November is what if there is a news release before the open, that clients A,B,C signed for the purchase of several torches, and it opend at $20.01, then it will trigger a

[Nosleep]

It'd be halted anyways on something that material

[sandysouci]

oh, OK I see... sure, to each his (or her) own... good luck!...

[vers1demainvert]

Sandy I heard that only shares that are in a margin account can be used by shorters. I might be wrong.

[sandysouci]

most of my shares are held in a margin account... as for other account types, it's so easy to put the orders in, why not cover all the bases just to be sure?... I don't know if anyone knows the actual rules...

[vers1demainvert]

I have a ask of $75 will next take care of my TFSA in a moment from now.

[Olderguy1]

I just did the same. Selling them for $20/share.

[Aarman4]

Good for you sandysouci, I have done enough research on this to believe that it has no effect, as the shares are not yours to deal with anyways, because they are all held in street name. Do as you wish, but the solution to shorters, is picking good companies that grow their cash flows , and you have already done that. Cheers!

[sandysouci]

keep LOCKING UP those shares folks!!!... as more of us are doing this (see below), the stock price already seems to be firming up nicely, just like magic... reducing the number of shares available for shorters to borrow CAN ONLY HELP the stock price... outside of Peter's ~ 52% holding, PYR has a largely retail ownership profile (for now anyway), and many of those probably follow Stockhouse.

[Theblessed1]

I think the ability for your shares to be borrowed for shorting depends on the account they are in. I placed an order long ago very high and the bank (BMO) either called me or didn't accept the order (cant remember) saying the order too far away from price.  When I was with TD, I could place any price withour question. When I questioned BMO, they gave me some story about the price has

[Waxwing]

I seen this posted before and was kinda turned off by it as so many people said it didn’t matter. So now I guess I’ll have to look into the naked shorting article someone posted. I will however put a sell order in for maybe $30 as I can’t see it hurting. thanks for the reminder anyways.

[sandysouci]

I figure you have nothing to lose... and, what if you're busy and PYR suddenly -- but only briefly -- spikes to $20, $30 or whatever... then you get filled at that price...

[mollyriley]

Brilliant idea and as far as I know this is effective! I will do that immediately as I have thousands of shares in multiple accounts. Great idea sandy and I strongly encourage all longs to do the same I HATE shorters esp in stocks like this so let's BURN them!!!!!! Great post

[Moemoney42]

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..!

[Uncleron]

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 !.........................

[CndnBacon]

PPPs 70m+ shares arent on a sell order, so we could ALL do that to no effect....naked shorting not withstanding.....

[Uncleron]

Exactly Bacon, 70+ million shares available.....a stop loss makes these shares vulnerable to radical price manipulation....or a sudden halt and resumption at much higher prices.....sandy wants your shares available ....uncleron is always right !...Cheers................quote=CndnBacon]PPPs 70m+ shares arent on a sell order, so we could ALL do that to no effect....naked shorting not withstanding...

[Brieguy]

[/quote]

[sandysouci]

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

[sandysouci]

CORRECTED PARAGRAPH:.. 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... I have done it