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Re: cmistocks post# 77528

Wednesday, 10/20/2010 1:08:29 PM

Wednesday, October 20, 2010 1:08:29 PM

Post# of 111215
Actually I believe it is the people behind the shares that are being SOLD by the MM's that are in trouble.
T Trades - this pretty much sums up what they mean:

"After having watched these for several years, and researching it extensively, here is what I understand it to be:

When you see this show up, it is actually a trade covering a short position. Those who say it's mm's balancing their books are correct, but the way they off-handedly dismiss it as insignificant is disingenuous at best. What is being balanced is the short position taken during the trading day by the mm or someone for whom he is the agent. These most commonly occur when you have someone with a large quantity of shares selling into the retail trading float. The size and price of the t trade varies depending on how many shares they were able to short during the day, and at what price. Once the quantity and average price is known at the close of the trading day, the mm issues himself the t trade from the inventory he has been given by the selling party. The shares can be from a 504, private placement, formerly restricted shares, etc. It's a common P&D trick to sell shares from a pp or former restriction in this manner because they can say that the os hasn't changed, giving the false impression that there is no dilution... IMO a big bright RED FLAG. good luck"
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y