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Nanotech Entertainment Inc NTEK
(Total Views: 420)
Posted On: 05/05/2017 10:21:31 AM
Post# of 96900
Posted By: AlanC
Re: PAI #77508
Doesn't change the numbers a bit. The market maker who sold your brokerage firm the shares you purchased did not have any shares and reported the sale to FINRA as a short sale. Yesterday if you recall 95% was short as the MM's failed to do any significant wash trades which they normally do. Those wash trades are trades between MM's and are not real trades but are done to simulate volume, walk down the price and lower the FINRA short percentage at the end of the day. Notice in this mornings trading they have already processed several wash trades but at the same time even though they processed these "supposed" sells they have increased the bid. IMHO they have no shares and the pressure is increasing on them as longs hold and accumulate. GO NTEK!!!













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