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Re: john10204 post# 65441

Saturday, 06/19/2010 9:02:53 AM

Saturday, June 19, 2010 9:02:53 AM

Post# of 233825
Congratulations to everyone who made money on KATX yesterday.

Now, What I am about to tell you is probably the number one LIE in
the OTC market so when I hear it I never believe it but I am backing
up this statement with PROOF so I believe it to be true.

There is a BIG short position in this KATX.

Please take a look at this link. It is a link to the FINRA site
that shows the short positions in each stock for the day. The
Financial Industry Regulatory Authority (FINRA) is the largest
independent regulator for all securities firms doing business in
the United States so I believe this is accurate information since it came from their site.

http://regsho.finra.org/FORFshvol20100618.txt

Click on the link and then scroll down to the symbol KATX

Market makers and brokers must report their short positions to
FINRA at the end of each day.

The stock ended up closing up .043 cents on the day as it appeared
a very aggressive seller/sellers came into the market at the end of the day.

Here is what it says today.

Date|Symbol|ShortVolume|TotalVolume|Market
20100618|KATX|2344287|6363579|O

It says that there were 2,344,287 shares sold short yesterday.

Now what does this mean? It means that almost 37% of yesterday's volume
was sold short. Why do we care? Well, when someone sells a stock
short they expect to buy the stock cheaper than they sold it so
they can profit from the difference. Shorts are often aggressive
sellers trying to drive a stock lower so they can get investors to
panic and sell their shares sending the stock even lower. This
selling allows the shorts to step in and begin to buy the stock
back at cheaper prices taking money out of your pocket putting it
in theirs.

So what do you do with that information? Well that's up to you,but
we now know one thing. Someone or some people now need to buy back
2,344,287 shares to cover their short positions. That means that
there is a built in buyer into the stock at some point. If everyone
panics like they hope you will, they will be able to buy these
shares cheap and make a profit. If no one panics these buyers will
have to pay market prices for the stock which could potentially
drive it higher.

Between the fact that this company has a great story and now we
know there is a big short position in the stock there will still
be some fireworks ahead. If you own it keep a close eye on it. If
you missed the profits from yesterday this still may be a great place to enter the stock.

GLTA
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y