(Total Views: 233)
Posted On: 06/28/2017 12:50:28 PM
Post# of 72447
Sox, Since several folks have offered up differing possible explanations (or at least questions about) Alan and Finra's daily numbers, how about this:
1. If 62 percent of sales are short today, but Alan comes in at the last second with a buy order for 100 shares of IPIX, the order executes and the final share price for today ends up 17 percent.
2. The 100 shares are too small to do much for volume and won't change the 62 percent of sales reported by Finra as short.
3. Share price closing up 17 percent presumes there was one honest MM (let's presume that is possible, please) willing to execute an order at a fixed price.
4. We have had many days with a small order at end of day which changes the direction of that day's trading. Drano and others of us have commented on those at the time.
This construct would - if you accept it as possible - demonstrate that the volume of short sales is actually independent from change in share price if viewed one day at a time.
Thoughts?
1. If 62 percent of sales are short today, but Alan comes in at the last second with a buy order for 100 shares of IPIX, the order executes and the final share price for today ends up 17 percent.
2. The 100 shares are too small to do much for volume and won't change the 62 percent of sales reported by Finra as short.
3. Share price closing up 17 percent presumes there was one honest MM (let's presume that is possible, please) willing to execute an order at a fixed price.
4. We have had many days with a small order at end of day which changes the direction of that day's trading. Drano and others of us have commented on those at the time.
This construct would - if you accept it as possible - demonstrate that the volume of short sales is actually independent from change in share price if viewed one day at a time.
Thoughts?
(1)
(0)
