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Message: One method to block the shorts from borrowing your shares

It is my understanding that one's shares cannot be 'Loaned Out' for shorting purposes if those shares are for sale. So if it is felt one's broker is loaning out your shares ( without your authorization ) to the shorts one could protect their shares by placing a limit sell order for say $20 / share 'Until Cancelled' ( which is 90 days at Charles Schwab ). Then just renew the sell order every 90 days.

Yes one's shares could be sold for $20 a share but that would not be such a bad thing at these fire sale prices.

It is my understanding that in the US it is supposed to be illegal to loan out shares that are in IRA or ROTH accounts. On my normal account I was going to use this strategy to protect my SLGLF shares and CS really did not want me to go to that extreme. They assured me they would not loan out my shares for shorting. That is one reason why I use CS. I do not know the other brokers position.

Any comments on this apreciated.

MISH

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