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Message: Putting Shares up for Sale above market price

Putting Shares up for Sale above market price

posted on Feb 28, 2008 10:23AM

Ok, can anyone give a definative answer on these two questions:

1.  If you put your shares up for sale way above the current market price, does that have any material affect in terms of stopping ones shares from being used without ones knowledge by your broker shorting the stock.

2. If these shares of yours are up for sale and your brokerage firm goes bust and it's found that they've been using your shares for their short position, is ones shares protected? I would assume that if ones shares are up for sale, then a broker can't use them to short and if they were, that would be illegal?

Please advise

Larry

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