Agoracom: Small Cap Investment - Noront Resources - Hurt the shorters

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Cylinder

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Hurt the shorters - put in a sell order at a high price

posted on Jun 18, 2008 11:35AM

Snug asked on the Spider board whether the advice brought forward by X11 would work or not.

From X11 - "... when you have a sell order GTC, short sellers cannot borrow your stocks from your brokers to short sell thus decreasing manipulation."

Below is the reply I posted on Spider

Re: Sell orders - curtailing manipulation?

Posted by: Cylinder on June 18, 2008 03:28PM

In response to: Sell orders - curtailing ma... by SnugTheJoiner

I just contacted Credential Direct and I was told:

"If there is an open sell order against a security, then a broker cannot offer them for loan to a short order."

So, if you want to cause a bit of problems for those shorters out there, put in a sell order for 20-30 times current SP. At least some of the manipulators will have issues with shorting.