Sox, you're misunderstanding Alan's posts. I have
Post# of 72440
(Total Views: 202)
Posted On: 01/30/2018 5:56:26 PM
Sox, you're misunderstanding Alan's posts. I have pointed this out many times before. Alan never has stated that he believes that every single share marked as a short sale REMAINS short at the close -- never.
We ALL know that some of those short sales are daytrader activities and are closed out by the end of the day. Some of them are market makers taking advantage of their ability to see the Level 3 books, so that they short some stock to someone who has a high bid in, and then they buy stock to cover that short from a lower level. This is one of the problems with OTC stocks -- the 4 electronic exchanges that are independent and make it easier for the market makers to do this.
And finally, some of those short shares are held short. Otherwise we wouldn't have the 1.2 million shares listed as legal short sales -- by FINRA.
So please stop saying that Alan is claiming that all those shares are held short and that the percentage indicates cumulative short positions. He's never said that.
We ALL know that some of those short sales are daytrader activities and are closed out by the end of the day. Some of them are market makers taking advantage of their ability to see the Level 3 books, so that they short some stock to someone who has a high bid in, and then they buy stock to cover that short from a lower level. This is one of the problems with OTC stocks -- the 4 electronic exchanges that are independent and make it easier for the market makers to do this.
And finally, some of those short shares are held short. Otherwise we wouldn't have the 1.2 million shares listed as legal short sales -- by FINRA.
So please stop saying that Alan is claiming that all those shares are held short and that the percentage indicates cumulative short positions. He's never said that.
(2)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
Scroll down for more posts ▼