FINRA short listings for RMDT need to be explained. To find out more as to what constitutes a short for RMDT you need to understand how FINRA defines a short trade.
It's rather lengthy and I don't have the time to explain it beyound this point.
Lets say RMDT trades 2 mil shares and price goes down 20% and you see a short list for that day of 1.3 mil
WOW lots of shorters there.
Next day RMDT trades 2 Mil shares and price goes up 20%, and you see a short list of 1.3 mil shares.
Wow how is that possible?
You see many who use the short list from FINRA to sometimes mislead posters as to what is actually going on.
Don't put your hard earned cash into a daily FINRA short list.
If this traded 30K tomorrow and I was the seller, you will probaly see a short of 20K. The MM who had did my sell may not have enough of those shares to cover. He has to get the shares from another MM and FINRA reports that as shorting.
Was it shorting on my part as the seller, I don't think so.
FINRA Short listings was the rave of IHUB several months ago until someone actually did some research to find out what FINRA defines a short as.
Be careful with your money in RMDT and I hope you make coin.
You only learn about trading by asking those saying the moon is our target to explain just how is that going to happen. Ask questions, and don't be satisfied with answers that don't have anything to do with the question.
FINRA Short listings mean absolutely nothing and to push that about RMDT is wrong.
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