Call your broker

[stemdynasty]

I just called my broker and said to stop lending my shares to be shorted. I own a significant amount and plan to hold, so I thought to myself why would I enable short sellers to use my shares to hurt me. There was no problem. The shares can still be sold by me at anytime I please without restriction. Screw the shorts. I did this with many other stocks as well that I felt were being manipulated. GLTA

[AMGuy]

Just to add to what you said:

"All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes. And don't forget to move your limit order up when the price starts to recover, then, that way your shares can't be shorted...""

[perk]

They cannot loan your shares out for shorting unless you bought them on margin.

[stemdynasty]

Simple phone call......"Mr Broker, I don't want to lend my shares so they can be borrowed by short sellers". Done!

[the churchmaus]

i think i remember the cost per 100 share contract was $2.50/does not make sense at the 6 cent level.the real threat are naked shorts of which some say billions are floating around the system.another one of those things that stink under the carpet.

[bballerfanatic]

I do not believe that shares can be loaned unless you have a negative balance in a margin account.

[LutfiyahGroup]

ACTC is not Marginable!

you can't ACTC on margin it means they can't lend your shares?

how do you know yours share are being lend out for the Short purpose?

[LutfiyahGroup]

Margin Maintenance Requirement Lookup
If you use the margin feature of your account, this tool will display Schwab's minimum equity requirement to maintain a stock position1. View Schwab's margin maintenance requirements.
Enter a stock symbol:
Lookup
Symbol Name Margin Maintenance Requirement3
ACTC ADVANCED CELL TECHNOLOGY Not marginable: 100%
3. Margin requirements are subject to change at any time. You must meet initial deposit requirements on all trades.
Margin maintenance requirements

Typically, the ongoing maintenance requirement for most stocks is 30%, but it can be much higher for volatile or lower-priced securities.

Special maintenance requirements are set at Schwab's discretion2 and are intended to reflect a stock's volatility and to ensure that your account maintains sufficient equity to cover large price movements. Some stocks are so volatile or illiquid that they cannot be margined.

See Margin Borrowing to learn more about your account's margin feature.

1. If you have a special maintenance requirement on your account that is greater than the equity-specific requirement, then the account level maintenance requirement will supersede the equity-specific requirement.
2. Margin requirements may be changed due to concentrated positions, non-diversification, changes in market conditions or at Schwab's discretion.

[Superfeeed]

Just to add to what you said:

"All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes. And don't forget to move your limit order up when the price starts to recover, then, that way your shares can't be shorted...""

AMguy,

I have a GTC on my ACTC shares via my online brokerage account with Fidelity will this suffice? i also sent them a certified letter telling them they are not allowed to loan my shares as well.

sf

[Superfeeed]

i think i remember the cost per 100 share contract was $2.50/does not make sense at the 6 cent level.the real threat are naked shorts of which some say billions are floating around the system.another one of those things that stink under the carpet.

It is $2.50 a share at Fidelity I believe. This is a long held argument that we have never been able to get to the bottom of and have an absolute finite answer once and for all...

sf

[stemdynasty]

Protect yourselves.