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No afternoon dump today.....interesting to see what tomorrow brings.
I realize that this debate is probably pointless, but to ask you one last question. In lieu of the two different reports......If I were to ask you what the volume of short sales was yesterday in ECDC, what would be your answer? TIA
Well the buyers are definitely standing on the sidelines today so far. Everyone waiting to see if we get the daily afternoon selloff I suppose. If we get one, will be interesting to see if the 4's go.
Pennies don't trade ah...usually late trades are mm's settling accounts between each other...all IMHO of course
Again these ah trades on pennies are just t-trades,,,they don't mean anything
Oh...so the site that you presented last night about the number of short sales here is more accurate than the report published by FINRA themselves? TIA
doesn't selling=dumping?
Cantor Fitzgerald has left the house!!! 7's look thin buds...only 3 milly
Great stuff .....thanks again! Certainly does explain a lot of the selling going on the last few weeks....Also makes for a great squeeze if we get this thing moving up. :)
This is really great info Sharky...thank you
Can I ask you what the link is to actually look up the daily tape numbers? TIA
20120910|ECDC|29488469|0|71740331|O
Please see the more recent actual dd posted here to get the accurate short sales directly from FINRA:
budmgd, the Equity Short Interest reported at OTCMarkets are the compilation of the bi-weekly reports reported to OTCBB.com directly from FINRA. It is not "one of the sites" report; it is THE real short interest in ECDC. The sites that you speak of use the FINRA daily short to try and bamboozle people with that irrelevant number.
Lucky for us we have some enlightened members that provide good dd here. Hopefully this helps to clarify the issue of short sales here on ECDC for you. Looks as if my suspicions were correct even though there was a "large normative distance"...LOL
ECDC regsho September 10th 2012
20120910|ECDC|29488469|0|71740331|O
regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf
Ahhhh...so that is a daily report from Finra that shows 29mm in short sales out of the 71mm in total volume yesterday...Is that correct????
Ahhhh...so that is a daily report from Finra that shows 29mm in short sales out of the 71mm in total volume yesterday...Is that correct????
the daily what?
Sharky, what does the 29,488,469 represent yesterday???...i know the other number was the total volume. TIA
From their own site:
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Ehh,, did I not say?:
Could be either one
I guess you could consider the alternative....LOL
Could be either one...btw, I don't put much value in those short sale reports...the accuracy of the couple of sites that claim to track shorts, including that one, are quite sketchy especially in the case of pennies. For instance that number of 6700 shares has been showing since June, which is highly unlikely.
I don't think he or I meant that things are looking good here as far as pps goes. Certainly doesn't look good if one is down 80%. However, it does appear that the slide has at least halted for now. We've had 6 trading days in a row that couldn't break below 5. The ask seems to be thinning each day, and we have yet to see as large a bid as 130mm. The point is that technically speaking, signs indicate a bottom. Many chart players will begin to watch for decreasing sell volume and a confirmed bottom, before entering.
were you the beneficiary of the 5mm bidwhack right at the eod?? lol great job getting some 5's either way! GLTY
I haven't been here that long so others may be able to answer that better..however, in my mind it can only be one of two things.
either they were shares issued to someone for debt repayment and that entity is selling them for what they can
or
it could be shorts covering their positions
if it's the first option, we have to hope that it is quickly coming to an end. if it's the second, that's good news, and we may have put in a solid bottom here and the shorts know it..
all IMHO of course :)
either way I agree with Kevo that things are looking up here in ECDC land!
Wow! a 25mm bidwhack and the bid didn't even budge....
True...of the 20mm shares today 18mm were ask slaps. Given that, we haven't burned through all the 6's yet. Will take more volume to get higher pps.
I agree...there really is no such thing as it being a "buy" or a "sell". Every transaction that occurs is both. Someone is buying what someone else is selling. The only question is at what price the transaction occurs. Many people consider a transaction at the ask a "buy" because the buyer paid exactly what the seller was asking. On the other hand a transaction at the bid is considered a "sell" because the seller sold their shares to the buyer at the price the buyer wanted to pay.
hell i've been sitting here for 10 mins trying to figure out how! LOL
Very nice!! Peeps better grab 6's while they still can.
I wish I knew about a pr...LOL It is strange that during the summer news was issued quite a few times, and it has certainly ceased over the last month or so. Maybe that is good news as they are waiting for something concrete to announce.
As far as pps, I think we have found a technical bottom. The sellers seem reluctant to sell @5. Bid has now grown to 54mm and holding. Would be interesting to see what happens if we get some buying pressure at the ask.
Looks like we could be seeing a bounce off this 5 level. L2 shows growing bid support....pressure starting to build
You'll be even more surprised to know that there is no bid and hasn't been one for a long time! LOL
Yep..there are quite a few waiting at 5. I think we keep bouncing just off that level until this selling subsides. Good news is someone/many think this is a really good value at this level.
Thanks, but doesn't really answer the question.
was ah...a t-trade. doesn't mean anything
which last block?
Well shaping up to be a slow morning here....looks like we are holding on to a bid uptick. Any thoughts for afternoon trading??
ehh well...it's actually 0007, but splitting hairs I guess...LOL
I hope so...have any specifics you can share?
War I am a negative ninny as well on this one....but what do you make of the volume today? ihubbers spreading rumors of a quote in a "new" old article?? or what?? TIA
I think today was a pivot Kevo. Would be really nice to see a higher high tomorrow to begin validation of a reversal here. I think we are primed (even if just technically) for a bit of an upward move here. I predict one to two ticks greener tomorrow.