Wilyfox, no, setting AON limit sell orders in no w
Post# of 11899
Wilyfox, no, setting AON limit sell orders in no way affects the MMs ability to borrow shares from margin accounts. Now, within the mechanics of the borrow system, I believe that it is the case that MMs will tend to borrow shares from accounts which have no open orders first and also which have sat idle for a longer time than others (no change to position); ie.. MMs do not want to be borrowing shares that are likely to be sold by the original owner any minute. As for setting sell orders a few ticks higher than the current ask, I believe it does have a small affect on the likelyhood of the MMs borrowing or not borrowing those shares; because there is an obvious risk present that those shares could be sold off intraday and then they would have the work of finding and re-borrowing other shares. The only certain way to keep shares from being a part of the borrow program (typically without the owners knowledge or consent) is to simply hold them in a type 1 "cash" account or simply request your brokerage put them in you name (instead of street name) and send you the stock certificates (physical form).
As far as finding ways to help (support the PPS as a long), the float is rather large and I do not think any one individual besides Ironridge has more than 100M shares, so there is not much one can do on the selling side. Though steering away from placing stop-loss orders too close to the bid/ask could help. Also if one decides to sell, selling at the ask or a tick above the ask allows the market to come to the seller, rather than dumping on the bid which tends to makes bidders move their bids lower, then the sellers freak and move their asks lower and the print moves lower and lower. Really as far as support, there is nothing better for the steady PPS appreciation than real bid support. That means always having an ever-adjusting set of bids. For buyers who wish to immediately buy shares, placing buy orders at the current bid or at market or at the ask will tend to push the PPS or at least keep it supported. For those longs who do not necessarily want more shares but would not mind having more if the price fell then placing limit buys under the bid also provides price support; I realize this is heresy for most PK traders because they look down upon "bid sitting" but if you are not a trader and instead are a long just looking to provide bid support then this can be a good way to add your support for appreciation. If the price moves up, then just adjust those bids upward. One mistake many traders looking to push the PPS up while they accumulate make is that they place a bid at the current price, nothing happens, the market ticks up and then because they want to secure their shares, they hit the ask and then of course the price does move up but then they bid sit and the price quickly deteriorates but not quite enough to hit their bids, then they move up the next set of orders to current price, the PPS moves up, they hit the ask, etc, etc, they run out of powder eventually, the MMs know it and then on a few dollars worth of shares the MMs' bots execute a few tiny trades to walk the PPS down in the midst of low volume in order to let that buyer for the day sit in unrealized losses wondering what he did wrong. Basically, most do not ramp into their positions, they may think they are by buying one third, then another, then another, and thats it, but really the key is to buy in incrementally, at many price points for days upon days and days... Think of poker, if you bet half your stack on the flop and a few billionaires call your bet, now what?, what do you do on the turn? Go all in? LOL. I wonder if the big guns would call you, I think they would. You cannot blow all your dry powder so quickly or you become transparent and easily played. The scope of these strategies also are not understood by most. Many think in short time ranges, but the longer time horizon you have the more difficult a market player you can be. If you make it a monthly, yearly, or... battle turns into war, then it will be more difficult for the bots to take advantage of you because there are many battles in a war, many turns in a battle, however those making abrupt big moves in the span of a day, two days, a week, will find that they always seem to run out into the cross fire at the worst moments. This happens not because of bad luck on their part, but because the market participants playing against you only fire when they see a minnow swimming in a shallow crystal clear pond.
Do or do not, there is no try.
GLTY
$RFMK!