Dooley's stock picks

[fourkids_9pets]

it's come to my attn twice this week that
info (post) keeps being *posted* re: NSS
and finra's reg sho *daily* info

the first board was EIGH .. the 2nd board
was GBOED .. in a nutshell this is the full copy
of said post

======================================================

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49600596

NOTE THE LINK....I would suggest you guys provide a link that disputes this.

Posted by: patchman Date: Wednesday, March 03, 2010 6:31:31 PM
In reply to: fourkids_9pets who wrote msg# 648 Post # of 951

Short Sale Volume Reporting’s are deceiving.

I spoke to FINRA today and found out some very interesting things that until now I did not fully understand. I knew there was something wrong with this transparency of information but was not 100% sure what it was. I think I have my answer and it was enlightening.

I was first directed to the Notice to Members memo dated 9/29/2009

http://www.finra.org/Industry/Regulation/Notices/2009/P120045

The individual I spoke with wanted to make clear that to maintain proper trade volume reporting accuracy, a trade with multiple legs in the trade would only be reported once in the volume reports. The example given would be.

Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.

So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker. The key language in the FINRA notice is this:


Quote:
--------------------------------------------------------------------------------
The Daily Short Sale Volume File will provide daily access to the aggregate volume of short sales in NMS Stocks and OTC Equity Securities reported to a consolidated tape and traded over-the-counter during regular trading hours on each trading day.
--------------------------------------------------------------------------------



Consolidated tape is the open market where the transaction between seller and market maker is not done at the consolidated tape. That call this the media transaction.

Now for those wondering about Bona-Fide Market Making, I found out it can still be done but not electronically. The 15c-211 applies to electronic trade. Market Makers can continue to execute Bona-Fide Market making through phonic transactions but those sales made would be reported in the short interest reports bi-monthly and if not closed out will be reported as FTD’s in the system like any other trade failure.

Hope this helps at least clear up the high short interest volume reports seen. The reason the number is not 100% is because not all orders are routed thru independent market makers.

Since there is so much discussion and confusion on this I would request this be added as a sticky note since it clears up the confusions here.


=====================================================

something is *deceiving* alright

the problem with this .. as i've already explained to
the poster who keeps *regurgitating* this post all over
is that i've never indicated any such thing .. what i've
said is that patterns can be derived from any stock by
viewing this info over days/weeks and months and in one
case over a year :)

remember this link came live in feb 2010 .. and was retroactive
(daily) to aug 2009 .. why that matters is because if one takes
the time to cross reference volume/t trades that bypass
finra's daily reg sho (of substance like are done on SIAF can
totally *mess* with the percentages) and then reg sho *daily* itself
the patterns do indeed become crystal clear

i've already done the info on 3 co.s ~ EXPH/NENE/HHWW

i'm currently working on the stats for BSPM

and why would i be doing that? .. well riddle me this
why do FTD's *magically* cease on BSPM on 11/10/2010?
and the twice monthly *short* info shows *minor* amounts
with the *last* info shown/known on 11/30/10

 Nov 30, 2010	2,862	 
 Nov 15, 2010	2,093

and yet on 12/14/10 .. BSPM winds up on the reg sho threshold list

tell me is there anything in the system that is actually
working? .. and when touts for the hedge funds/MMs' & B/Ds'
(and just those who collude and aid and abet) indicate
that finra's daily reg sho mean nothing .. tell them
you know better :) .. 'cos it would violate TOU if info
re: the stocks i've publicly shown (EXPH/NENE/HHWW) was posted
on either the EIGH or GBOED boards .. and god knows how many
other boards ~ that post has been posted to :)

i'll be posting the info on BSPM over the weekend
like every other stock i've done .. the patters of BS are
crystal clear .. but it does make me wonder what the hell
the SEC is actually waiting on ~

btw .. just so it's on record .. this was my response
on the EIGH board :)

========================================================

fourkids_9pets
Share
Tuesday, December 14, 2010 10:31:19 AM
Re: TavyCal post# 91032 Post # of 91557

with all due respect .. i've been consistent
about what patterns are shown via reg sho's
daily info on any co. .. not *specific* to eigh

and that link can't be *posted* without violating
*aspects* ~ but i did one to *patchman* just this am
i've done them on a few co.s *publicly* .. the
patterns are remarkable by what is shown and that
info can be done on any co. including eigh (like
all other DD .. it's time intensive but telling :)..)

as for the patterns shown on any co./eigh
i personally look for changes of what is done over
weeks and months percentage wise out of finra's daily
reg sho .. say for example when a stock shows *short*
volume (finra's terminology) over a month in the 60/70
percent range .. that then *morphs* to 80/90 percent
the following month .. that kind of pattern

my caveat has never changed >> volume and percentages .. matter

--
disclosure>>> do not hold one share of eigh
but i'm very familiar with legit co.s getting
*attacked* .. i'm not commenting on eigh specifically
since the only DD i've done is to observe some
trading patterns on rt l2 .. on and off over the months
for a few who've asked me for my comments re: mms' shown

--
4kids
all jmo

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57739187

---