Tuesday, December 28, 2010 4:11:02 PM
Thanks for the appreciation of the dd/time involved-from 2 people today-I may pass out from shock.
Seems like they've at least partially given up forcing retail sales,or at least are not being very successful in doing so last couple days.
Which they use to do by walking price up in morning(to get people to set stop loss higher)and then used to walk down in afternoon to trip those stop loss orders(tripped when bid price reaches stop loss price,even when there was no executed trade at that price.-e.g price rises to .0033 so some set stop loss at .003 but if any bid rises to .003,their stop loss order is activated)so they could cover their shorts.
Lets see what short % is tomorrow. If shorts(w some unsettled trades mixed in) remain below 30%(the % at which some sites alert a potential short squeeze),they may be learning their lesson,but so far,when shorts have dropped that low,they have risen again the next day. I don't know why-jackg and pesquero would be the experts on that.
I don't know how to determine how much of the listed shorts(there's no distinction on the finra.org/sho list)are unsettled trades,something pesquero discussed some time ago-to my knowledge nobody does. It doesn't make sense for finra to list short sales as such if a portion of those figures are unsettled trades.
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