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Re: Farmboynate post# 30665

Saturday, 08/08/2009 1:05:38 PM

Saturday, August 08, 2009 1:05:38 PM

Post# of 83059
Just to be clear when reading your posts

Do you mean NSS and short as per the following definitions?

This is my understanding of the two definitions.

Short = reported shorting activity as per SEC reporting requirements. Activity is covered 1:1 with each activity by an issued share.

NSS= Stock shorting activity that is not covered by a 1:1 transaction. Basically the activity is not covered by loans or straddles of issued shares so somebody is trading phantom amounts of shares. Creating shares out of thin air.

***A straddle is when the same person owns the stock and is shorting the same amount or less. So it is a covered legal transaction.

Is this your understanding?

All I want for Christmas is a little transparency...everybody sing....along.


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