Well, of course he's been 'told' that it's impossible to short a greysheet. Impossible for a MM, that is, since no MMs trade 'em.

And of course, it's only expected that a Short would say it's impossible, too.

Fact is, RegSho shows shares have been shorted EVERY day since trading began again, except for last Monday. And fact is, a broker can STILL fill a client's buy order with shorted shares, if he wants to. He may even do it using that same clients' own Long shares!

So, where would RegSho get those shorted numbers from? Thin air?

Of course not. RegSho gets those numbers from the T&S trades that were filled as Short.

While RegSho numbers are not exactly 100% reliable (since they don't indicate how many shares were also covered), fact is, RegSho is MUCH more reliable than 'someone' who 'says' something.

If anything, since MMs are no longer trading KMAG, RegSho short numbers become MORE reliable now. Anyone who thinks/says otherwise is FOS and most likely a Short.

Also, since Shorts seem pretty confident that KMAG will never trade as a pinkie again, it's no stretch that they believe the pps will still go down further, in time.