Google Finance Board Fights The Man, Saves WaMu

Many WaMu shareholders, and members of the Google Finance boards, are rallying together to take a stand, and to give short sellers a big middle finger. You can read this effort materialize here, and probably learn a thing or two.

It is widely believed that short selling has artificially driven the stock price down for many financial services firms recently, including WaMu, AIG, Morgan Stanley, Lehman Brothers, and so on. Short selling has gotten such a bad rep, that regulations have been modified to try an ease market manipulation.

An explanation, in the simplest terms I can manage:
WaMu stockholders are taking their shares off the market by placing "Good Until Canceled" sell orders on the shares they own, at prices considered to be unattainable. With these orders place, the shares are not eligible to be shorted.

The How To: (taken from this guy):

1) put in a sell order
2) make it a limit order, not market order
3) set the price at $7.50 +
4) set expiration as GTC (Good Til Canceled), and leave the expiration
date blank.

The idea is that if enough people do this, short selling will be limited, and share price will increase. Of course, it's also just nice to be part of the effort, which I am. Go WaMu!!

UPDATE:
There are now over 400 posts on the original Google Finance thread, and over 1,000,000 shares protected from shorting. Hooray!! As you may have noticed, shares did pretty well today too. WaMu stock was up almost 50%!

To further promote the silliness, I've made some T-shirts and buttons. Enjoy :-)