RE:RE:RE:RE:RE:Short the shorters From the research that I have done, Kleptocracy, that will not prevent any shorting of shares.
Either way, the comment on it making money based upon a poor purchase order I'm not sure. My brokerage will always buy at the lowest price avaiable, regardless of the price I put in.... Perhaps there is another option that I am unaware of to buy higher than market?
Cheers!
Kleptocracy wrote: There is a way to remove your shares from circulation besides taking the drastic step of going to paper certificates.
Put them up for sale with a high ask such as $50 or $75 since they are up for sale they can't be lent out to shorters. The thing is don't forget that you did it or you might sell them unintentially.
Aarman4 wrote: So kingscorpion, from what I understand, is that "your shares" are purely digital. Shorting is done on margin and can be recalled at any time(leading to short squeezes when "real stock holders" need their shares).
If you want to prevent "your shares" from being lent out, you need to move them out of street name, and get a paper certificate. Every share I buy and sell is street name, therefore, it is not mine, but it is owed to me by Questrade or Investor's edge etc. The brokerages know their numbers, and know how many of "your and my" shares they can lend to shorters without needing to worry.
So to expand on how I look at it, is that if you are a LONG AND STRONG investor, then you purchase at low dips during the inevitable "short attacks". Your selling point, if you ever choose to sell, should not be during one of these attacks.
Pyrogenesis the company, for the vast majority of the time, will have its performance dictate the share price, not the other way around. I hold, and buy, and hold, and buy. One day I may sell.
For short term investing(something I am VERY poor at, and resist often), I imagine shorting could be very hard on the stomach, and I feel for them.
Most of all, I feel for the shorters of PYR stock though.(I could care less about bashers though)....The shorters of PYR might make a decent living, but there is a REALLY hard day coming in the next few months, and some of these folks will end up in the poor house unfortunately, due to the infinite losses that a short can take on.
Cheers!