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CCME - Joe, Jim will claim it's an anomaly. Emphasize the basics.
What does total volume mean ?
Right. my error. 185,000 was added
right. my error. 185,000 was added.
I don't know. Have to go to the basic site and see some definitions.
You seem to know nothing about China business. Late payments are standard. The bigger the company paying and the smaller the company receiving, the greater the AR. TSTC has an AR of 94%.
CCME - Have you seen this ?
What I've been looking for -
http://regsho.finra.org/FNSQshvol20101014.txt
A daily report of shorts.
Date|Symbol|ShortVolume|TotalVolume|Market
20101014|CCME|185843|527754|Q
These guys must be expecting WW III to break out soon and crash all of the world markets.
As has been said before, "Oh my, mother of God, I can't believe it."
What I've been looking for -
http://regsho.finra.org/FNSQshvol20101014.txt
A daily report of shorts.
Date|Symbol|ShortVolume|TotalVolume|Market
20101014|CCME|185843|527754|Q
These guys must be expecting WW III to break out soon and crash all of the world markets.
As has been said before, "Oh my, mother of God, I can't believe it."
How will the new rule work tomorrow? My opinion is that the SEC rules are overlooked but those that are covered by them don't make it a 'habit'. Naked short selling has been illegal for years and years, but! Thirteen days on the failure to deliver list and brokers are to buy back shares with about five exceptions. Share buyback traders can't buy in the last 30 minutes. Do you think that was followed recently? And this new rule which is to start tomorrow?????
Can't wait to see the next short report.
How much volume to clear the shorts? Of course we can track short levels each two weeks, but this action, in my opinion, will go on for some time. Since the 9/30 4.4M short report, we have had about 8M shares traded. With daytraders, new buyers and institutions, normal MM action, shorts covering, and brokers covering for failures to deliver, I think a total of several multiples of 4.4M shares is required to clear the shorts. At least another week of this to go.
Glen, I'm too happy to worry about it.
My Scottrade print says "12.7417 (T) 50000 16.01.17"
Don't see anything that high on NASDQ Extended Trading. Anyway, buy, buy. buy !
AH, 50,000 @ 12.74, good
And day 13 isn't here yet !
CCME - This deal was agree to prior to a decision to the buyback. Also, this is a good deal because insiders will have less needs for funds and reduce, or end, and future insider selling Form 4s which are always seen as bad.
CCME - What's the logic in halting? -
It's a private, off floor, buy?
If Shermadog on 4 Oct. was correct, CCME on Threshold list for fith day, then the 13th trading day is 13 Oct. SEC rule:
"Regulation SHO does not require a broker or dealer to close-out the open fail position until a security appears on a threshold list for 13 consecutive settlement days and an open fail position for such security exists for each of those days."
"Regulation SHO requires broker-dealers to close-out all failures to deliver that exist in threshold securities for thirteen consecutive settlement days by purchasing securities of like kind and quantity ("close-out").
Until the position is closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker), may not effect further short sales in that threshold security without borrowing or entering into a bona fide agreement to borrow the security (known as a "pre-borrowing" requirement)."
TIME MARCHES ON !
CCME - The short report was when the price was 9.95 and not yet rising significanltly. Believe that now they aren't actively covering as they are all considering which bridge they will jump from.
Have I missed it ? -
What percentage of both total intercity buses and airport buses does CCME already have on contract. In other words, what is our growth potential in these markets only. Have tried to find total China bus counts but hit a research wall.
China Respect - Recall I have said that we need TV coverage specifically on China to gain a little respect. Well, unless my eyes were deceiving me, the last half hour of the CNBC Kudlow Report was a half hour on Emerging markets. Not exactly China only but a start. We will see today if this programming change is permanent. This provides another opportunity for our 'pumpers' to get some air time for their favorite undervalued small caps.
Jobs report - Just now on FOX they mentioned that election workers might have benn thrown into the jobs count to 'pad' the numbers. That might be shady but good.
However, if looking at the last few days action, we might have broken the US economy/China relationship.
Shorts, take that in the last 30 minutes.
Weak, weak, weak -
Investigations over internal financial controls are only accomplished when normal accounting audits indicate some possible problems. That statement is actually a GOOD sign.
If you assume that the SEC couldn't stop Madoff and can't stop naked shorting so how in the hell can they monitor buyback trading in the last 30 minutes. After all, who is going to complain. Here is a possible complaint to the SEC:
"I'm illegally naked shorting CCME and the damn buyback company trader is killing me in the last 30 minutes. What are you going to do about it?"
CCME - Here is a possible idea from Shermadog from the CCME board:
"I think the volume surge we saw was a hedge fund or other institutional buyer that decided to finally buy into the undervalued China Ad sector. Take a look at AMCN take off about the same time as CCME. That is too much of a coincidence not to be related. "
Think I must repeat my post from yesterday:
"Our trader forgot to read those damn SEC rules again. Or there is a news release coming. "
Also, the shorts are generating lots of naked/false share.
3,800 open option puts for Oct. 10.00 and 12.50 are in the money. Don't know what they paid for them, but if they can just hold the price some will make some money. The 7.50s are of course dead ducks. Then after 15 Oct. the pressure may be off.
I think with this low volume our trader will just let them play for a while.
Don't think the hits on the bid are daytraders but shorts continuing the assualt. I'm sure our trader has enough ammo to defend. The third Friday comes soon in Oct. as Fernando pointed out. Only a few days to make those 7.50 puts drop dead or pay off.
Our trader forgot to read those damn SEC rules again. Or there is a news release coming.
Conference - Wasn't it a one on one conference between the company and investors/analyst? Likely not open to the public.
None. They are not required to report but most do after they have the intention of upgrading to BB status.
Could dream that it's the shorts -
Maybe the pinks are just easier. You don't need to worry about paying all of theose accountants.
Sure doesn't look like the shorts were in the last 30 minutes today, or at all recently. Think the sells are mostly traders.
On these flat DOW days this China surge MUST get someones attention and some articles and news coverage.
Lithium - Yes, abundent but hard rock takes less processing and final processing in China is cheaper yet. LiFePo4 batteries is the battery for EVs.
JoTeng - here is one that hasn't moved yet:
http://investorshub.advfn.com/boards/board.aspx?board_id=17423
Lithium mine in Australia and final processing in China.