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Re: None

Sunday, 10/17/2010 9:57:53 AM

Sunday, October 17, 2010 9:57:53 AM

Post# of 94785
CCME - We all want to know the short status -

I don't know how to get daily short status. Likely some way by subscription. But for those shares traded through finra, they post daily short adds. This in only a portion of total daily volume however (about half). I have gone back to 1 Oct., just after the last bi-weekly report, and added from their 11 daily data reports for CCME. You can look at Fridays numbers here:

http://regsho.finra.org/FNSQshvol20101015.txt

Have compared the finra adds and volume totals to the actual total volume in the last 11 days (~ 9.6M shares). Then proportionally increased the finra adds to represent possible total market adds. This assumes other market groups had the same proportion of shorts to volume.

CCME new finra shorts and total share vol. = 1.471M / 4.339M
Total CCME shares since 9/30 = ~ 9.650M
Likely total market new shorts since 9/30 = 3.271M (calculated)
They are still adding.

Question is how many did they cover? Don't know. But it looks like to me there is likely still a heavy short level. Friday they added 305,142 just under finra trades of 1.144M of the market total of 3.264M.

Recent bi-weekly total shorts.
CCME 9.7M float
8/31 2,992K short
9/5 3,311K
9/30 4,443K

Seems they never give up. Draw your own conclusions but it seems there is still likely a high short level. But in their agressivness, they might have covered their prior shorts (big losses) and are now ready to get back at that damn CCME by shorting at a higher level and waiting for the short squeeze (which they caused) to collapse in the future. Seems they never give up.
Let's kill them twice.

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