Digital Brand Media and Marketing Group Inc (DBMM)

[Homebrew]

Maybe you missed my post earlier today, this part is about "volume" and why it's meaningless.

Daily Short "Volume" (regsho): Intraday volume Market Makers transactions when they temporarily short a stock for a couple of seconds or a minute to fill an order in a timely manner, then cover a couple minutes later (otcshortreport lies and calls this naked shorts). Meaningless number because it's just the first leg of a transaction reported of filling orders. Completely unrelated to short interest. This number can often be quite high for thinly traded stocks, thus more likely to get hyped as shorts, even though it's not.

Psssst. That's part of MM's job..."Making a market". Ensuring liquidity and timely processing.

Short "Volume" Example: 1,000,000 buy order comes in. MM doesn't have 1,000,000 handy to fill the order, so quickly shorts 1,000,000, fills the order for the customer rather than keep them waiting. Then after taking a sip of coffee, covers the temporary short.

Now, lets say that happens 10 times today, for a total of 10,000,000 shares, short "Volume" is 10,000,000, but at EOD, it doesn't result in any short "positions" or "interest" because they were all covered right away.

The next day, someone sees the 10,000,000 short "volume" and talks about 10 MILLION SHORTS YESTERDAY .....

Short "Volume"s MEANINGLESS... Who cares what hoops MMs had to jump through to fill orders during the day ?

"Click-Bait" sites like otcshortreport intentionally misrepresent regsho "volume" as "naked shorts", to attract attention, generating advertising "clicks" for themselves.