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Thursday, 05/13/2010 9:15:54 AM

Thursday, May 13, 2010 9:15:54 AM

Post# of 46576
What that number means is that 85% of shares traded yesterday were traded prior to T+3, in other words, they were "flipped". Only 15% of shares traded yesterday were settled trades... they had been held three days or longer.

That's why when you day trade a stock, you don't get your money back for three days. You have sold stock which didn't belong to you (an unsettled trade). It is technically a short sale per the rules.

Short interest (the seeds for the legendary and elusive MOASS) is an entirely different matter. It's 32 shares at the last posting.