Those 911 trades are probably just printed by over
Post# of 11899
Those 911 trades are probably just printed by over-zealous traders amped up to get the stock going so they want all the traders to think there is some imminent news. I realize that the 10K is expected and could come out any day or week now but seriously I do not think anyone other than the CEO really knows exactly when it will be filed with the SEC. I would ignore those 911 trades, they cost very little to execute, try it, anyone can put in a bid at the ask for 911 shares and it will fire off.
Just looking at the daily short volume today, again, very decent total volume which is healthy but still rather large percentage of short sale transactions. Still about a third of the volume is getting shorted right now. For the past two months the daily short volume has been between about 30% and 40% consistently. Since the total volume is mostly always larger than double the short sale transaction volume, this means that shorts are probably getting covered (assuming participants are not improperly not reporting the real figures to FINRA and just keep on shorting more every day which is always a possibility, look at the monthly FINRA compliance actions, firms getting caught doing this all the time) each day, but just barely. RFMK stock is getting actively shorted big time and has for months. No matter what the questionable posters tell you, these daily numbers are cut and dry, they do not include legged trades that MMs push around while executing orders, all of that extra business is consolidated which is why its called a "consolidated tape". It has nothing to do with settlement window (T+3) either, we assume each short sale and long sale transaction is eventually settled because the stock has a trade for trade designation place on it by the DTC, which means failures to deliver should be zero (cash for shares or shares for cash, no naked shorting) which means FTDs should be zero, always, each trade will be settled, that is a given. These numbers are very simple, they merely show how much of the total daily volume of trades were shorted, typically by MMs. Usually they have bids but no sellers so they sell, shorting the incoming bid and then later go into the market and buy shares to deliver to the buyer, that is why most of the short sales occur, but the problem is that in an illiquid penny stock many MMs abuse the capacity to aggresively short much of the retail volume and so manipulate the price and volume action in order to flip their own positions to make daily gains. Sometimes these practices can become abusive. I would say that shorting 30% or 40% of the volume is becoming abusive, IMO. This means that double that short sale volume makes up for all of the volume that was shorted and then covered, which means if 30% of the volume is getting shorted then 60% of the total trades for the day were MMs shorting and covering for their own purposes while only 40% of the daily volume were just simple retail shares changing hands, which is unhealthy IMO. Others will tell you they are merely generating liqudity so its good for all. Yes market making is important but when you see tiny bid whacks after large buys and tactics used daily to such a large degree (large ratios) it becomes disturbing. Just be aware that this goes on.
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GLTA
$RFMK!