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Will do Wellington, worth an ask either way just to hear their response, cheers.
iweb dont
Anybody know if Iweb lend out on the stock and share account?
Didn't know about shorts when I first started but could predict a drop on my shares at stages. Shrewdwal was first pro shorter on Lse from what I remember rom 2010. Used 2 aliases and posted to himself once. Anyway...
@Mrstu82 Ask them if they can transfer your shares to another provider 'in specie' AJ Bell doesn't lend shares out and is fairly reasonable on costs but there are plenty of other brokers out there who also don't lend.
100%. I do most of my trading through HL and have never had any issues
Use Hargreaves Lansdown guys. Sure they charge a couple of quid here and there but you get what you pay for. NOTHING is free.
so in effect 212 entice you to join under the attraction of free trading and then continue to work against your interests by lending your investments out to shorts! Can't write this stuff!
Just checked my 212 account and 98.45% of my shares are being lent out. I set my sell limit to £2 but doesn't make any difference, I looked into opting out;
No. Once agreed to, the share lending cannot be discontinued in your Invest account.
"If you decide to opt-out, then you’ll have to liquidate your holdings and request account closure"
Handy.
Freetrade do not lend out shares. Shares can also not be lent when held in an ISA. Brokers must explicitly tell you.
Unless you are getting paid to lend out 'your' shares, why should the Broker skim off the top ... unless you are getting other benefits like dirt free trading costs?
When I first saw a similar post I contact Hargreaves and they confirmed they DO NOT lend out shares, so I don't need to do this sell limit stuff spoken about in this thread. - Instead of doing this, could you not just ask your broker not to lend your shares?
@Bigtrader ..and short arms (as he old joke goes)
@Wellington99 - BC has deep pockets.
@Narada - I tried the sober and analytical approach and that didn't work, so I'm going with the board zeitgeist
@Bigtrader - The rampers paid me for the first post, but then got out bid by the derampers, hence the second post.
I will admit I am a little under weather just now so not thinking completely clearly.
However, if as long-term holders we all still believe in the research we have done and the long term company prospects is it not better we "let" the shorters accumulate the size of positions?
That way when the outlook is without doubt, company fundamentals kick in and long-term holders put pressure on and institutional buyers come in the pressure will be far more as it will be a far bigger number of loaned shares the shorts jist can't get hands on to buy themselves out??
Yes really stupid and irresponsible comment to make Wellington99. Shameful .
If the former, I believe and support your decision to share. If the latter, then you’re a lying shorter deramper with no knowledge or sense.
Or we lost.
One of the two, can't remember which.
Yes - we won.
Is the court case decision leaked -:)
just set your sell price at 65 pence, not £1 if IG is difficult ... and then keep adjusting it upwards as the share price rises.
I hold Cine with Halifax and Freetrade can I put a sell limit with them ?
IG INDEX will not let me set up a sell for £1 as its to far away from trade price, I dont want to sell but was just looking to see if i could place that order.
You should have the option to set a sell order at a set price limit. Make sure you put the sell value well above current SP to protect yourself from any spikes in price (mine is set at 750 for example). You can remove this order at any time should you need to sell but it stops shorters from borrowing the shares