posted
While lurking on a couple of boards some posters were discussing ways of keeping their shares from being loaned out? or borrowed for MM shorting purposes.
1. Does this actually occur 2. Someone posted that they cannot use shares in cash accounts (only margin?) 3. If true, what can truly be done to keep it from happening?
With everyone posting so much information it is sometimes difficult to tell fact from rumor
posted
Yes this does happen unfortuantely for example one of the biggest naked short sellers is NITE and who owns a part of them Ameritrade. This is just one example there a tons of others.
Supposedly they are not able to borrow shares from cash accounts.
The verdit is still out on this one , alot of traders claim that if you set your orders at GTC supposedly this should work but I am not sure about that????
Sorry I could not be of more help... one thing is for sure the big boys do about whatever they want.
FWIW type in complaints against Ameritrade ,NITE, E-Trade ,etc. on Google you will find out alot of info about what has been happening for a long time.
Hope that this helps some it is hard to fully answer all the BIG questions around this topic
Best of luck, SS
Posts: 8 | Registered: Oct 2005
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