Prevent Shorting by placing sell orders on your shares at ridiculously high price eg. $80
$NIO Inc(NIO.US$ found out we can prevent brokers from lending out ours shares if we have sell orders on them. if u do not intend to sell them, u can place a ridiculously high price on your orders.
doing that for two reasons:
1. brokers do not pay me for the interest earned
2. hopefully, fewer orders filled for shorts with borrowed shares…
kind souls out there, let me know if u think i am wrong… i m still learning.
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oh my goodness : It used to be OK, now you can't place excessive orders
All-in-NioXpengOP : My sell order at $100 was accepted.
Tyler_JapanTV_US : Sounds like a good idea. If I had 800 shares of NIO and if I place a sell order with 500 at $100, these 500 shares are locked up and won’t let the broker to lend out to short seller to borrow. But the other remaining 300 shares is open to borrow, correct.
Big Dipper 2 MOOn : Sell Limit GTC Orders will not be cancelled at the end of the day if not filled