RE:RE:RE:RE:3 timesA broker at a bank once told me if a broker is dealing with a person who wants to short and there is a sell order on those shares at a price too high and he/she feels that the ask is beyond a trade for that day or week they will go ahead and lend those shares to the shorter. Shorters have a unfair advantage over shareholders thats why everyone must register a complaint against shorting with your provincial or state security exchange. Everyday you see anonymous trading your shares back and forth.
Yajne wrote A few months ago CIBC Investors Edge rejected my sell order when I tried to do this; they told me my sell order was too far from market. Banks need to be held accountable...can't believe they can lend our shares willy nilly!! DJDawg wrote:
I've heard that if you set a sell limit order for a crazy high number it means that no one can lend out your shares. Is that true? The goal is not to sell your own shares but to constrain your own shares being used to manipulate the price.