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**NvrNoNowX** · 01-16-2012, 06:44 PM

Today is Martin Luther King's Birthday a National Holiday, so my brokerage is closed. I did go online to my account and left them the following message:

As long as they hold it in street name, they can 'lend' my stocks to short sellers who suppress the value of these stocks. Putting it in Direct Registration deprives them of the ability to do anything with my shares, other than buy or sell them upon my instructions.

I'll update this story as it progresses. My broker advertises with the slogan 'Talk to Chuck'. We shall see how much good it does to do that.

Hatha

I thought that you could leave sell orders @ obscene levels that would prevent them from shorting with your shares.

01-16-2012, 06:44 PM	#21
NvrNoNowX Join Date Oct 2005 Posts 567 Senior Member	Today is Martin Luther King's Birthday a National Holiday, so my brokerage is closed. I did go online to my account and left them the following message: As long as they hold it in street name, they can 'lend' my stocks to short sellers who suppress the value of these stocks. Putting it in Direct Registration deprives them of the ability to do anything with my shares, other than buy or sell them upon my instructions. I'll update this story as it progresses. My broker advertises with the slogan 'Talk to Chuck'. We shall see how much good it does to do that. Hatha I thought that you could leave sell orders @ obscene levels that would prevent them from shorting with your shares.
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