RE: Shorting - Time for a level playing field31 Dec 2023 01:29
Exactly correct antigua18,
Why do I say that you might ask?
Well for one, I have an account with Interactive Investor and they claim 'They do not lend out my shares' all well and good in in theory you might think.
However, if you place a limit sell order price on your shares in order to prevent such an occurence , ie 'Lending Out your shares without your knowledge nor permission etc' you will be told that you cannot specify a SP greater than say 50% of the current share price.
Why is that? In days gone by that was easily achievable, so I would set a limit of at least 300% of the current share price to prevent ii from doing what I suspect they may be trying to achieve etc.
When you face such restrictions it begs a question as to Why don't you think?