TSXV:AUN.H - Post by User
Post by
Banman17on Jan 09, 2008 11:48pm
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Post# 14178524
How to Get Rid of Shorts / Naked Shorts
How to Get Rid of Shorts / Naked ShortsI was just listening to the 2nd hour of Financial Sense Online's 3rd hour broadcast from this last weekend (found here: https://www.financialsense.com/fsn/main.html)) and I STRONGLY recommend all to listen to the question put forth at 14 minutes into the program. The questioner posed a question and found out it is true that, if you own shares in a company that has been shorted by someone borrowing your shares, you can force them to cover by entering an order to sell, thereby causing the shares to be delivered back to you account. All you have to do is enter an order to sell well above market price, Good till cancelled, so it stays in the system, and it will force those hedge funds who are shorting the stock, to cover their shorts and thereby cause the stock price to rise accordingly. I suggest all shareholders of Aun do the above outlined to eliminate the short position from the share structure of Aun. The hedge funds are eventually going down, why not help put them out of their misery a little earlier! It's time to strike back and not let them borrow our shares we paid for so they can line their pockets with illegal activity. I also plan to talk to management or send an email to Joe Barnes. It would help if others also did the same.
Banman17