Wednesday, April 07, 2010 4:21:40 AM
They include flipper shares as a short. Example. Today I buy UDHC. Tomorrow I sell UDHC. My shares didn't settle. Mr. FINRA lists them as "short."
I determined this because there was a stock that I flipped and the FINRA short list showed my trade as short shares. My trade was 75 percent of the volume for the day, so it was easy for me to pick it apart. (It wasn't UDHC).
If you don't believe me, test the theory.
So when you see a stock with large number of short shares on that list, it's really just getting beat up by flippers.
DISCLAIMER: I am a dirty, rotten penny investor. I am not compensated by any stock. I've asked them to pay me, they refuse. I buy stock on the open market. I sell it there. I like money. I am greedy. I am under the care of a psychiatrist.
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