Monday, August 30, 2010 10:10:49 AM
Short sellers will be forced to cover soon, I think they are getting nervous here as seen by the many posts. Come mid September we should be seeing plenty of green I have no doubt.
FIRNA SHO Daily File Website
See: http://regsho.finra.org/regsho-Index.html
Pursuant to a Securities and Exchange Commission request, FINRA has agreed to make reported short sale trade data publicly available.
Date | Symbol | ShortVolume | TotalVolume | Market
2010-08-27 | AVTI | 5,540,285 | 11,407,201 | O
Daily Short Sale Volume File
See: http://regsho.finra.org/FORFshvol20100827.txt
Market Makers are permitted to engage in naked shorting.
U.S. exchanges employ several competing official market makers (MM) in a security. These market makers are required to maintain two-sided markets during exchange hours and are obligated to buy and sell at their displayed bids and offers. They typically do not receive the trading advantages a specialist does, but they do get some, such as the ability to naked short a stock, i.e., selling it without borrowing it. In most situations, only official market makers are permitted to engage in naked shorting. Recent changes to the rules have explicitly banned naked shorting by options market makers.
A market maker makes money by buying stock at a lower price than the price at which they sell it, or selling the stock at a higher price than they buy it back. Ordinarily they can make money in both rising or falling markets, by taking advantage of the difference between "bid" and "offer" prices.
Stock market makers also receive liquidity rebates from electronic communication networks for each share that is sold to or purchased from each posted bid or offer. Conversely, a trader who takes liquidity from a bid or offer posted on an ECN is charged a fee for removing that liquidity.
See: http://en.wikipedia.org/wiki/Market_maker
GLTA
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