Numbers don't lie, but are often used to confuse.
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Posted On: 12/19/2017 10:12:16 AM
Numbers don't lie, but are often used to confuse. It would be vastly more correct to state that 29% of today's long transactions were initiated with the sell leg.
The number is completely meaningless because they don't report how many of those transactions actually covered on the same day, or within the allotted period. However, we know from the short numbers (that don't lie) reported every couple of weeks that the actual short on IPIX is less than 1% of the outstanding shares.
To say that the daily number equates to actual short sales, or that a certain percentage is in some way revealing, is flat out wrong.
The number is completely meaningless because they don't report how many of those transactions actually covered on the same day, or within the allotted period. However, we know from the short numbers (that don't lie) reported every couple of weeks that the actual short on IPIX is less than 1% of the outstanding shares.
To say that the daily number equates to actual short sales, or that a certain percentage is in some way revealing, is flat out wrong.
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(1)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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