Posted On: 09/22/2015 9:57:29 AM
Post# of 72446
"The admitted acknowledged short would require about 4 days of all volume being selling volume in order for the admitted shorts to cover."
A trade is a trade. 2 people - 1 buyer and 1 seller. 1 transaction or trade = 1 volume. If the trade occurs at the bid price it's logged as a sell. If the trade occurs at the ask price it's logged as a buy. There is always a buyer and a seller. So what you just said in quotes above makes absolutely no sense. In addition, they will probably be covering into higher volume at higher prices so it won't take 4 days to cover. More like a few hours.
A trade is a trade. 2 people - 1 buyer and 1 seller. 1 transaction or trade = 1 volume. If the trade occurs at the bid price it's logged as a sell. If the trade occurs at the ask price it's logged as a buy. There is always a buyer and a seller. So what you just said in quotes above makes absolutely no sense. In addition, they will probably be covering into higher volume at higher prices so it won't take 4 days to cover. More like a few hours.
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