Posted by: basserdan Date: Tuesday, December 16, 2008 8:25:23 AM In reply to: Bruce A Thompson who wrote msg# 606934 #msg-34210213
Pay particular attention to the link in there to the Madoff comment to the proposed Regulation SHO wherein he describes the type of transaction he was doing and why he wanted it to be considered a MM exemption:
< see spam content in previous post >
This "Ponzi" case is a harbinger of things to come when we will find out how they are going to unwind the mountain of naked shorts still left in the system.
G'Morning Bruce,
The following data posted at SI's Naked Shorting board details Madoff's trading volume for the month of October.
In October 08 alone MADF cleared 1,139,429,914 trades, reported as total volume cleared.
March 2000 summary volume Date # of Comp Total mnthly vol Mar 00 4947 44,682,703,641
Versus daily vol for Oct 08 on an average of 1800 fewer companies participating in the daily float sum.
The sum of all volume by date for Oct is enumerated below. Date # Companies Total Days Vol. 31-Oct 3184 2,491,944,750 30-Oct 3186 2,528,630,334 29-Oct 3186 2,788,791,154 28-Oct 3187 2,852,852,890 27-Oct 3187 2,278,327,511 24-Oct 3187 2,694,065,955 23-Oct 3189 3,201,345,367 22-Oct 3192 2,623,579,365 21-Oct 3192 2,200,521,141 20-Oct 3190 2,073,856,210 17-Oct 3191 2,783,829,805 16-Oct 3193 3,420,295,006 15-Oct 3196 2,616,444,238 14-Oct 3194 2,980,155,481 13-Oct 3197 2,677,123,077 10-Oct 3197 2,195,544 SD 9-Oct 3197 Shennanigans day (SD) 8-Oct 3197 Shennangigan day (SD) 7-Oct 3196 2,905,867,800 6-Oct 3195 3,535,344,808 3-Oct 3197 2,560,498,750 2-Oct 3198 532,996,072 SD 1-Oct 3202 1,950,199,885
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