Post by
VeritasVern on Feb 08, 2021 2:48pm
I have a sell order for all my shares
At $2.00. Perhaps that will eliminate some of the short shares available in the market.
Comment by
ThatBigGinger on Feb 08, 2021 3:36pm
Add another 150k to that list. Does this make these shares unavailable for lending to shorters?
Comment by
WOODRUFF7 on Feb 08, 2021 5:01pm
Add 164,000 to that $2.00 order
Comment by
VeritasVern on Feb 08, 2021 5:12pm
Ginger I have been told that shorters, borrow shares from long holders in order for them to sell short. If you have a sell order, those shares are unavailable. That is my understanding of how it works but then again Robinhood securities allowed GME to be shorted at 150% of the float. Not sure if that was allowed or within the rules but the SEC is looking into it.
Comment by
VeritasVern on Feb 09, 2021 12:30pm
Shark, thanks for clarifying that for us. I have taken my shares off the sell order