Theralase Technologies Inc. V.TLT

Reset sell orders...

[Yajne]

..today on all my self-directed TFSA and RRSP holdings to a very high numbers today to prevent CIBC from loaning my shares to shorters. CIBC Investors Edge will only let me set the time window for about a month, so have to constantly reset my sell orders every month. You might want to check what your platform allows. Best to keep re-setting them to prevent shorters from borrowing. Not going to get involved in the current fray between Reddit and hedge funds, I think it is prudent for longs to place a sell order at a very high price on their holdings to prevent shorters from 'borrowing' their shares. IMO shorters are the scum of the earth, and some are very large!

[Scorpio2]

Yajne...from my years of experience with institutional custodial accounts and security lending programs you don,t need to do this on your registered accounts (like RRSP, TFSA etc). The broker dealer is not allowed to lend securities from any registered accounts. Where they can lend securities without your knowledge is with margin accounts (non-registered accounts) that are only in a cash debit

[gordo323]

Save Canadian Mining Congratulates Ontario’s Capital Markets Modernization Taskforce on Addressing Predatory Short Selling in Final Report Urges the Ministry of Finance to Implement Recommendations  

[Yajne]

I hope you're right about registered accounts Scorpio2 because CIBC Investors Edge rejected all but one of my high sell orders. Will be calling them Monday...they have some EXPLAINING to do! Is there a link somewhere that details what shorters are allowed and not allowed in Canada? I have heard that 'naked' shorting is still allowed in Canada, so they don't even have to borrow the