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S&P 500
5,464.62
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-0.16%
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US TECH 100
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-0.20%
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Torvecian

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Torvecian

Re: ShowMeThe$$$$$ post# 19850

Friday, 09/24/2010 8:55:45 AM

Friday, September 24, 2010 8:55:45 AM

Post# of 35337
tovc4me....

In order for a short to short sale a share of stock, someone has to buy it....

Of the 46,700 shares sold yesterday, 38,300 were sold to buyers by short sale. Those numbers on the FINRA report represent the number of shares sold short for the day....how many will turn out to be naked short....? It's not a naked short until there is a FTD...that's a Failure To Deliver the stock certificate....so your friend most likely bought some of those 20,000 from a short...

So I think you are misunderstanding the report somewhat...hope that is helpful..
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