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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: kknightmcc who wrote (3561)7/18/2008 11:09:54 AM
From: Hawkmoon  Read Replies (1) | Respond to of 5034
 
Y'know.. my biggest beef is, as I understand it, if I purchase my stock in a margin account, it's available to be loaned out EVEN IF I DIDN'T BORROW MONEY to purchase that position.

That's gotta stop!! The only stock that should be shortable should be stock that has been purchased via a margin loan.

The only way I know of stopping it now is to place a GTC sell order within a certain range above the current market price in order to make the B/D's too nervous to loan it out lest my sell order is executed by selling to someone else purchasing in a cash account.

But even then I'm not sure it does a lot of good.. But it's just my way of "fighting the man".

Hawk



To: kknightmcc who wrote (3561)7/18/2008 1:54:53 PM
From: rrufff  Respond to of 5034
 
Yes - you are right there. Have all the information out there so we can see it and, if we want, take advantage or opt out. It shouldn't just be a program that benefits large pools of money (hedge funds, etc.) and targeted at the little guy.


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