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Re: Stockfun1 post# 118452

Thursday, 08/24/2023 8:54:59 PM

Thursday, August 24, 2023 8:54:59 PM

Post# of 122596
So the way it works is that the broker sells short all day on behalf of their client and then executes a “buy” from the client at the end of the day to cover the short.

This way…they can bleed the stock into the market throughout the day without killing the pps. And since they don’t know necessarily how much they will be able to sell they wait to do the cover transaction.

Now…normally the offsetting or second leg of the transaction does not hit the tape. But in this case it does because the price that the cover transaction executes at is a different price than the initial or first legs throughout the day…also because the block fee is deducted.

In essence that 25 million is “double” counting volume from earlier in the day.

These type of transactions are usually done by sellers with large amounts of discounted stock, because the block fee can be pricey and retail does not usually sell this way.

Toxic financiers do….A LOT.

1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?

Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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