Thursday, April 11, 2024 5:05:11 PM
<<<<<< The REGSHO report shows a failure to cover by the MM's >>>>>> and what do they need to cover, a Short Sale
Anyone who Sells shares that they do not own and have not borrowed is Naked Shorting. It does not matter if the duration is 1 hour or 1 year. When the MMs sold 35 million shares yesterday, that they did not own, it was Naked Shorting. MMs can use the Liquidity/ 'Making a Market' excuse for their Shorting but it is still Shorting and it can affect the actions of other investors especially when 85% of the day's trading volume is Short Selling, like yesterday.
MMs make money off of their trading fees and also from their Buy/Sell SP spread. If their computers see an opportunity to make a profit from the SP spread they will jump on it and it is easy for them as they set the Bid/Ask prices.
https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files
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