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Pastimes : The OTCBB Garbage Dump

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To: LANCE B who wrote (2696)10/10/1999 6:57:00 PM
From: Tom Allinder  Read Replies (5) of 2942
 
Does anyone know if this is true?:
"To prevent your own shares from borrowed by some market maker or brokerage
firm against your position on a stock, the easiest way is to put Good Till
Canceled (GTC) sell order after purchasing a stock. Let's say you have
bought 2,000 shares ABC stock at $0.50 per share. Then you place a GTC
sell order for 2,000 shares at $2. Thus, your brokerage firm often
doesn't lend your shares out. You can always change the order to sell a
price which you wish."

If this is true, then we all need to do this to see if it will work...

Tom
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