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Re: AlanC post# 12210

Saturday, 11/03/2012 3:34:19 PM

Saturday, November 03, 2012 3:34:19 PM

Post# of 20257
(Insert SYMBOL of short Targeted Company Here) - When looking at daily short sales, one day doesn't tell the whole story as we both know. The data tells a story over the days, the weeks, the months, and even the years that a stock is a short selling target.

Patterns of high short volume, into strong buying demand, and lesser short volume, during times of higher selling demand, are clear patterns of those who short.

Claims to the contrary, and those not supported by information provided by FINRA should be viewed with caution.

The other very common pattern of behavior for stocks targeted by short sellers is the consistently high daily short volume, day in and day out. Stocks not targeted, typically have much lower average daily short volumes being reported. Again, a very telling and significant pattern of difference.

If claims made regarding broker-dealers, market makers, and hedge funds were true, all stocks would see very similar patterns of daily short volume reporting. But that is not the case.

We both know that there are ex-clearing, self-clearing, non-tape transactions, and loopholes that the broker-dealers and market makers use to hide their true positions and their transactions.

Even FINRA has provided clear data explaining what may be occurring as demonstrated and documented by those of us who have done our unbiased due diligence.

It is recommended that all shareholders do their own DD regarding the daily short volume numbers.

Here are three very clear links, provided by FINRA, which clearly explain what the data represents and how to interpret it.

http://www.sec.gov/rules/sro/finra/2009/34-60807.pdf


7 Transactions may be reported through the Alternative Display Facility (“ADF”), a Trade Reporting Facility (“TRF”), or through the OTC Reporting Facility (“ORF”). The ADF, TRFs and ORF are collectively referred to herein as the “FINRA Facilities.” Trades in certain classes of securities, such as Rule 144A securities, are reported to the ORF, but not disseminated. Non-disseminated securities will not be included in either the daily short sale volume file or the monthly short sale transaction file.

8 Certain OTC transactions (e.g., riskless principal and agency transactions where one member is acting on behalf of another member) are reported to FINRA in related tape and non-tape reports. Tape reports are submitted to FINRA for public dissemination by the appropriate exclusive Securities Information Processor (“SIP”), while non-tape reports are submitted to FINRA, but are not submitted to the SIP for public dissemination. FINRA will not be including non-tape reports in either the daily short sale volume file or the monthly short sale transaction file. Accordingly, in those instances where the short sale indicator is only included in the related non-tape report, the short sale data published in the daily and monthly files may be under-inclusive. Similarly, the published figures will not include odd lots since these transactions are not disseminated to the consolidated tape.


11 While members generally are required to report trades in equity securities to FINRA within 90 seconds, a firm could improperly delay reporting of short sales until well after the close, which would result in the under-reporting of over-the-counter short sale volume. Delaying the reporting of trades for such a purpose would be considered a violation of the applicable trade reporting rules and Rule 2010 (Standards of Commercial Honor and Principles of Trade).



Reg SHO Daily Files

http://regsho.finra.org/regsho-Index.html

Formatting Guide

http://regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf

Short Volume

Aggregate reported share volume of executed short sale and short sale exempt trades during regular trading hours



Oddly enough, the above data does not support claims to the contrary.

Tic Toc

Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations.

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