Quote:And remember: supposedly if you put a high good-till-canceled "sell" price on shares held in your brokerage account, legally they are NOT available for shorting. (whether the brokerage actually withholds them is another matter)
So you're not even sure it will do any good?
Quote:We know that the resident soft basher tried to dissuade people from doing that -- gee I wonder why -- but if you put a price like 20 or as high as your brokerage allows, it will give you time to cancel the sell order when the stock zooms up.
I've stated that I think this is a bad idea. I must have some nefarious reason for not wanting you to do this, right?
To shareholders: If you do what Drano is talking about, please please please be alert and check your news feed at all times. If you sleep in, or go on vacation, or wind up in the hospital you may not be around to cancel that order if needed. If we get bought out for $40 and you are late to the news, the MM will clean out those existing GTCs.
Not everyone watches the news by the minute. I would hate to see fellow shareholders lose money on a silly stunt that may not do any good. Don't get killed tilting at windmills.
Go IPIX!
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All my posts are my own personal opinion and speculation. They should not be used as the basis for any investment decision. No, I am not Scottsmith.
