I guessnow we will get a few days of tree shaking, they will throw at us all the tricks in the book to get the cheap shares from panicked shareholders. but if you look at the stock chart you will see this is a strong support level and has held every time they have played the pump and dump game, my advice is put your shares for sale at a much higher price so your brooker can not short them another game they like to play lol. i just put mine up for sale for $6 haha
What can you do to prevent your shares holdings from being shorted?
A: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.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s 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