Those short utilize wash trades to walk down the p
Post# of 72440
Posted On: 09/17/2015 8:39:26 AM
Those short utilize wash trades to walk down the price, simulate selling and lower the FINRA short sale percentages. The number and size of the wash trades determines what the FINRA short sale percentage will be at the end of the day. They like to keep it under 30%. Hope that helps. Go CTIX!!!
(They also hide some of the short sales and lower the percentage by utilizing T trades at times)
(They also hide some of the short sales and lower the percentage by utilizing T trades at times)
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