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Re: mwab52 post# 1827

Thursday, 12/30/2010 8:30:37 AM

Thursday, December 30, 2010 8:30:37 AM

Post# of 2001
I am very interested in learning how to use it as a tool, is there a direction you can point me? I have been posting finra short sale data in a few places and last night came under heavy attack for it. A few people are claiming it is "not real" and "meaningless". But no one can back that up with details from a reputable reference.

No one seems to know much about shorting except the people who do it & most of them aren't saying anything. I've watched 8 hours worth of Tim Sykes videos on shorting so I do know a little bit about it. I have a real world example where a stock I was in was overshorted nearly into the ground, NNSR this past week. I bought at 20, it was shorted like crazy and run down to 12. I didn't sell, patiently waited and a couple of days ago in the last hour it ran up to 21 because (as I believe) all the people short started buying in to cover in a mad frenzy. It went up then for no other reason that I can see. I know finra short sale data doesn't tell you when they have covered or show you naked shorting but to say it is meaningless and not real seems ludicrous. Thanks for your help!
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