Am I correct in thinking that this report which you post almost daily is supposed to tell us how many shares out of all the shares traded each day are 'naked short' trades, and that this report is from some FINRA website?
So then today's report would indicate that 38,300 of the 46,700 shares traded today were 'naked short' trades, right?
If that's the case, then there's something wrong with today's report, and if there's something wrong with today's report, then there could be something wrong with every daily report.
The reason I think today's report is wrong is because I know with absolute certainty that 20,000 were legitimately purchased this morning at the open by a good friend of mine at $0.35 and $0.40.
So knowing that these shares were legitimately bought, if every other share traded today was a 'naked short' trade, then the most that could've been shorted was 26,700 shares......not the 38,300 shares that was provide in today's report on that website.
Please advise....am I onto something here, or am I misundertanding that report?
I appreciate all responses. Thanks.
