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patchman

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patchman

Re: mjc1 post# 224883

Saturday, 10/03/2009 5:18:42 PM

Saturday, October 03, 2009 5:18:42 PM

Post# of 346917
FTD's are fails to deliver as represented at the DTCC's CNS system. The System is not notified whether the trade was a long sale or a short sale, only that a net settlement failure existed. A sale of 144 paper stock will in fact result in a FTD. Metter and moscowitz want you to believe these are NSS fails but the short interest report does not align with that.
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