Palatin Technologies Inc. (PTN)

[johnb214]

WILD WEST TRADING TODAY.
@Sciengr ok, pay close attention. No ordniary retail seller will short 2M shares in a single day like they did today!. What you saw today is a combination of naked shares and a brokerage house or brokerage houses working for a hedge fund shorting our stock to trigger stop losses.Here are the facts. Why do you think Fidelity and TD Ameritrade only charge $4.95 a trade? Because they want to leverage and short your positions that are registered in street name. That means that every position you own is entered for all their clents in street name. Again they have your shares on their inventory in street name i agin your shares are entered on their books as a long position. Hence when they short from their own inventory (street name) for themselves or clients they are selling their long inventory (retail customers shares) the shares are not reported as being a real short position just neutral. was entered long on street name now flat. not a reportable event. When they lend shares out then they are reported but not when done in house on a long position enteredd in street name.Hence the real short position i guesstimate to be north of 30M PTN shares.
So if you all your brokerage and ask to be taken out of street name. They will have a huge porblem if everyone did that as the right to. Fact!!! So you see the real {PTN short psition is closr to 30M shares than it is to 15M..ot l
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