LOL Short volume ratio still up big, even today,
Post# of 11899
LOL Short volume ratio still up big, even today, almost up to 50% once again.
20121025|RFMK|12998964|0|26976587|O
The question is : did even a single real buyer and seller exchange real shares and money today??!
Or was it all just offshore MM shuffling for firms not using the DTC. By the way, DTC clearing firms have a trade for trade restriction, so they cannot naked short sell RFMK stock, however those firms not using the DTC for clearing and settlement services can still drum up all the phony volume they want yet any failure to delivers created are not reported (for any ticker under a DTC "chill"); its a long standing hole in the transparency for data via the poor excuse for regulations the SEC has kept for the equity market. Remember, the FTDs shown in biweekly reports on the SEC website are only generated for tickers with full DTC services (no "chilled" stocks). The problem is that massive FTDs occur every day directly between brokerage houses in so called ex-clearing arrangements and this is a dark pool for FTD accounting. Two foreign and/or non-DTC firms could be shuffling millions of IOU phantom shares between each others firms all day everyday with an unchanged cost basis for each firm, shorting and covering to create artificial phony volume and we pions would never be able to really know if any of it or how much of the "trading" was actually between real retail investors selling and buying. So IMO all of this overreaction to the daily PPS and volume fluctuations is just a joke, we could very easily just be watching a lot of bot static. Sad but true.
GLTA
$RFMK!