SureTrader Nadex Advertisement PGUS
Home > Boards > US OTC > Oil/Gas/Natural Energy Production > MMEX Resources Corp. (MMEX)

SMH!!! I assume most don't understand the function

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
I-Glow Member Profile
Member Level 
Followed By 331
Posts 36,783
Boards Moderated 1
Alias Born 01/01/12
160x600 placeholder
I-Glow Member Level  Monday, 03/20/17 06:15:44 PM
Re: alabama96 post# 14738
Post # of 16491 
SMH!!! I assume most don't understand the function of a MM. First let me guess the shorting noise is coming from the OTCShortreport - which uses the daily Reg Sho data.

And for those using junk like the OTCShortReport - they need to understand that FINRA Daily Reg SHO data, it is meaningless on it's own. The Trade cycle is Trade Date plus 3 days for settlement, Daily Reg SHO only shows the Initial leg of each transaction and doesn't reconcile based upon settlements made seconds later as the trade has yet another 3 days to settle.

MMs do not "short" penny stocks. As part of making a market, they may have periodic short positions throughout a trading day if they fill buy orders for more shares than they have in inventory, but they also often have inventory when they fill sell orders. Having an inventory does not mean that they are going "long" any more than having a temporary net short position is "shorting." This kind of temporary short position is legal and necessary for efficient trading.

The FINRA daily short data does not show true short positions and that the Bi-Weekly report is the only reliable one. It also explains that when new shares are entering the market, they are reported as short until the stock is delivered.
Quote:
MM can naked short a stock. Not claiming it is happening here, but it does happen.

On every board about a OTCM scam - there is always screaming about ole shorting - and then there is the infamous short squeeze post. Oddly it never happens.

IG


It's I-Glow here, and I'm Mr.Clean.
They call me "hit man"
Don't know what they mean.


SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist