Zicix Corp (ZICX)

[patchman]

Blademan, more education:

Per the SEC's definition of their FTD report.

"Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails."

Date Symbol ShortVolume TotalVolume %Short
20100312 BEDA 45,235,172 83,262,944 54%

So, in looking at the above number. Per the SEC this figure is new fails recorded today and could be or may not be existing fails. And it could be that these fails may reflect past fails or not...

Either way, over half of todays volume. That's a big number considering the TA reports only 400+ in the float. Hmmm.

In your post I have highlighted yours and Sterlings confusion. For some reason you confuse Fail to Deliver and Volume. In theory, and I explained this to Sterling, a company could be on the Reg SHO list and after being on that list, not trade for 5 consecutive days (ZERO Volume short or otherwise) and still be on Reg SHO afterwards.

Qualification for the list is based on Fails to deliver at the DTCC.

Lets say company XYZ has 100 million shares outstanding and has 1 Million FTD's (1%). That means that 1 million shares sold (long or short) were never delivered to the buyer. So then....and get this....the stock does not trade for 5 days. NO VOLUME. Behind the scenes, 250,000 of the 1 Million FTD's recorded settled because a paper transaction cleared and the shares were delivered to the buyers through a DTCC settlement transaction. On the 5th day of no trading the FTD's are reported by the SEC as 750,000. The company is still on Reg SHO even though there was NO VOLUME.

Basically, a FTD can not be created due to trade volume but a settlement does not need volume. And the volume that creates an FTD could be a short sale, could be a long investor who loaned out their shares to a short seller, and could be a long seller who held shares in certificate form and the trade simply took longer to settle because the paper route is less efficient and requires the US Mail system and transfer agent to input work that an electronic trade does not. Among other things. This is why the SEC says that an FTD can come from a long sale or a short sale and why short sale volume means nothing in the relationship to SHO.

These are the facts of the mechanics of the system no matter how hard to shout it down. Notice this was a lesson on how YOU can research and calculate on your own REGARDLESS of BEDA trading. If you are buying to flip, at least understand how the market is trading. If there are no FTD's and there is no appreciable increase in short interest the sales you keep blaming on short sellers is really long sellers.