I've heard the mantra of making a GTC order at a h
Post# of 72446
Posted On: 01/29/2016 8:13:21 PM
I've heard the mantra of making a GTC order at a high price to prevent the broker from lending out the shares. Different brokers allow different maximum prices for a GTC order: Fidelity's maximum is lower than many others, so often I don't do that as the price is too low for me.
I've also heard that the brokers being able to lend shares is a major source of liquidity, altho I suspect much of that liquidity is mostly of benefit to shorts.
Perhaps the thing to do is put them all in a cash account. Certificate form of course guarantees no one can borrow them, but it might take a week or more if YOU want to sell.
I've also heard that the brokers being able to lend shares is a major source of liquidity, altho I suspect much of that liquidity is mostly of benefit to shorts.
Perhaps the thing to do is put them all in a cash account. Certificate form of course guarantees no one can borrow them, but it might take a week or more if YOU want to sell.
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