Monday, March 03, 2014 4:40:54 PM
M&Ms cleared out their Friday naked short position, created filling orders in last weeks hot price surge..
You see this all the time. Walk it down in rush hour, stall trades, to make retail think, then freeze trading and when it is taken down first thing after a trade freeze, all the retail thinking "what next", panic sell. This is a typical M&M trick.
The Fri short sales volume was 47% of the total volume for that day. So they needed to get some cheap shares to report to the clearing house.
You see this all the time. Walk it down in rush hour, stall trades, to make retail think, then freeze trading and when it is taken down first thing after a trade freeze, all the retail thinking "what next", panic sell. This is a typical M&M trick.
The Fri short sales volume was 47% of the total volume for that day. So they needed to get some cheap shares to report to the clearing house.
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