Post by
Hiddensecrets on Jan 31, 2021 11:07am
I put imit sell at $ 150 / Shorts unable to borrow my stock
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
Comment by
Alim33 on Jan 31, 2021 11:29am
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.
Comment by
teheran10 on Jan 31, 2021 11:58am
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 $7 AT LEAST BY FRIDAY.
Comment by
FastIroc on Jan 31, 2021 12:12pm
I put mine at 800$.....let's unite !
Comment by
Bdlight on Jan 31, 2021 12:36pm
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
Comment by
teheran10 on Jan 31, 2021 12:54pm
GET LOST SHORT as if..... iggy.
Comment by
Elephants on Jan 31, 2021 2:33pm
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.
Comment by
investor55x on Jan 31, 2021 2:47pm
Me too, I reconsidered it and put mine at $ 400. Would be good most longs would do so.
Comment by
hydrocarbss on Jan 31, 2021 8:55pm
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.
Comment by
teheran10 on Jan 31, 2021 9:11pm
Not according to my broker. if they do it, it's illegal. period.
Comment by
curious14 on Jan 31, 2021 10:03pm
Its Illegel, you are right. c14
Comment by
amkestrel1961 on Jan 31, 2021 9:25pm
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.
Comment by
investor55x on Feb 01, 2021 3:39am
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.