EXPH - Oh, I understand what a "squaring position is". What you have failed to address and answer is in regards to your claims that the daily short volume report, as provided by FINRA, and supported by a FINRA issued document, is something other than the daily short aggregate volume report. No where on that document, does FINRA support your claim of the aggregate daily short volume being "unsquarded trades". NO WHERE!
Will be watching EXPH's daily short volume numbers closely in the coming days/weeks.
IMO, there are those who bet against this company by shorting. Possible they are trying to collect their winnings at these levels, and it is possible some may even still be shorting, with the hope of a reverse split on the horizon.
Either way, The daily short volume report is simply that, the daily short volume report. Not aggregate short interest. No one is lying or misleading anyone by posting it as such, and supporting it as such with the document link provided by FINRA.
Good Luck!
I have never heard of anyone involved in pink sheet trading that doesn't understand what "squaring a position" means. In reference to EXPH shares, the market makers are selling shares of EXPH that aren't in their inventories to "make a market" and provide a liquid trading exchange for Expo Holdings, Inc. shares. Technically they can do this as they have several days to "square" or balance their positions. FINRA will report these "unsquare volumes" as "short sales" at the end of the day because technically, once again, that is what they are. But they are not short positions in the standard sense...there was never any intent by the MM to do anything but make a market and to do that they will sell shares they don't have in inventory and simply buy them back at a later time. Someone who does not understand anything about market makers in a pink sheet company might mistake this for actual traders taking short positions in say EXPH shares. This could end up causing endless worry and have EXPH investors making some very misguided and costly decisions. Once a month and/or a quarter dependant on the regulations of specific markets, EXPH MMs and all MMs must square all their positions so that their inventories balance. Many people watch for probable inventory imbalances and day trade on it near the end of quarters. It can be profitable with EXPH shares as well.
It is very dangerous to trade in Expo Holdings when one doesn't understand even the very most basic 101 level terminology and techniques of the pink sheet market it trades in. FINRA is not a dictionary service and does not have "links" to basic trading definitions that relate to EXPH share trading. Maybe this will help:
www.stock-investing-for-beginners.com/
Good Luck! All IMHO - Santa Barbara Broker
According to FINRA, and this link, it Sure is "As the Sun DOES Shines" aggregate short volume.
regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf
Total Volume : Aggregate reported share volume of all executed trades during regular trading hours.
Short Volume : Aggregate reported share volume of executed short sale and short sale exempt trades during regular trading hours.
Short Exempt Volume : Aggregate reported share volume of executed short sale exempt trades during regular trading hours.
Looking for the terminology "Unsquared Trade Volume". I can't seem to find it on/in the document which clearly explains what those numbers represent.
Please provide a link from FINRA to support this "unsquared trade" claim. LOL! - SevenTenEleven
EXPH - Unsquared trade vol for Feb 8th - 62%
20110208|EXPH|5000000|8125000|O
No, it's not short positions EXPH fans...but you knew that already, didn't you? - Santa Barbara Broker
Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force market makers to cover their shorts above what you paid. Build wealth for fellow iHub'ers!
AI
