Posted On: 07/25/2016 8:47:52 AM
Post# of 96892
Some simple things we can do that will make it more expensive for the shorts to be short.
1., If you do not use margin make sure your account is marked as a cash account by your brokerage firm. By rule if your account is a cash account your shares are not supposed to be lent by your brokerage firm. Don't assume because when you opened your account you opened it as a cash account it is still designated as one as brokerage houses have been known to change the designation if they need shares that you have in your account.
2., If your brokerage firm will allow it and you are comfortable doing so put in a good till cancelled sell order for some of your shares at a high price. ( The downside here is you must remember or those shares could in fact get sold in a sudden price increase so you must monitor carefully lest you get sold out.)
PS Those T trades are often used to hide short sales and are not included in what is reported to FINRA daily.
Go NTEKD!!!
1., If you do not use margin make sure your account is marked as a cash account by your brokerage firm. By rule if your account is a cash account your shares are not supposed to be lent by your brokerage firm. Don't assume because when you opened your account you opened it as a cash account it is still designated as one as brokerage houses have been known to change the designation if they need shares that you have in your account.
2., If your brokerage firm will allow it and you are comfortable doing so put in a good till cancelled sell order for some of your shares at a high price. ( The downside here is you must remember or those shares could in fact get sold in a sudden price increase so you must monitor carefully lest you get sold out.)
PS Those T trades are often used to hide short sales and are not included in what is reported to FINRA daily.
Go NTEKD!!!
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