Reconnaissance Energy (Africa) Ltd V.RECO

I put imit sell at $ 150 / Shorts unable to borrow my stock

[Hiddensecrets]

Longs should put LIMIT sell orders at a much higher price.

This will take the shares away from the shorts and will force them to cover.

MPO

[Alim33]

I have been trading for 40 years and I don't understand this logic.  If I don't sell my shares, isn't that the same thing as what you suggested?  Please enlight me. 

[teheran10]

HE SAYS PUT YOUR SELL ORDER AT $150 SO NO SHORTER CAN BORROW YOUR SHARES AS THEY ARE ALREADY ON SALE AND NOT FREE FLOATING.  LET US GO TO $7 AT LEAST BY FRIDAY. 

[Trekewl]

your shares are held by a brokerage. They will lend them out to short sellers and make interest off of them. You can do 1 of 2 things about this: 1- contact your brokerage a tell them that they cannot lend out your specific shares ina specific company. 2- place a limit sell order at an extrodinarily high price, which will lock your shares up in a "pending transaction", rendering them

[FastIroc]

I put mine at 800$.....let's unite !

[Bdlight]

i am seeing lots of post saying put limit sale at higher price but I am not getting why is this?? If i dont put any sale order, how they borrow my share? Can anyone explain this?? Thanks

[teheran10]

GET LOST SHORT  as if..... iggy. 

[Elephants]

In a nutshell they don't borrow from you they call your broker. The broker lends them out. The broker is listed with cds&co as the owner. You are a journal entry in your brokers account.

[investor55x]

Me too, I reconsidered it and put mine at $ 400. Would be good most longs would do so.

[hydrocarbss]

Has anyone actually called their broker to see if this ol' wives tale has any validity? It is just that, an ol' wives tale. Margin acct gives the broker the right to lend out shares you hold.  Putting a ridiculous GTC sell order is not waving a magic wand.

[teheran10]

Not according to my broker.  if they do it, it's illegal.  period. 

[curious14]

Its Illegel, you are right. c14

[amkestrel1961]

a NON margin (cash) acct can be stopped from short use by the broker or his buddies if the acct has a sell order!!! you are spreading disinformation to keep us from stopping shorters.  Shame on you.

[investor55x]

Yes, and because of that we 'Longs' should put sell orders at e.g. US$ 400 if having a non margin account. Let's fight the shorters! Regarding naked shorts we maybe should sue the exchanges if they are doing nothing against. That failure has to be stopped.