Tuesday, February 22, 2011 6:41:02 PM
Regarding those million share trades these are my opinions. They don't involve any independent retail players. Nor are they based on any inside information -- in my opinion. The buyers could be the MM s cleaning up their books for when the new rules kick in with more scrutiny of how much the MM s have abused the privilege of selling short in the past. I don't think it's anything to do with an upcoming new financing. It could however be the insider financiers balancing out their over-sold position. On the sellers side .. who has large blocks of shares like that ? Not the MM s anymore in my opinion. Perhaps the insider Financiers STILL selling ??? This sell side of the trades is hard to figure. I don't read anything overly positive into it because there wasn't any healthy price spike to accompany it. I think it is just an inter-MM thing.
But on Jan 3rd you said :
gump90
Share
Monday, January 03, 2011 5:12:44 PM
Re: None Post # of 133656
The legal declared short interest in this stock on December 15, 2010 was a miniscule 8,204 shares. As for Naked shorts ..... FORE GET IT !!!!!!!!!!!!!!!!!!!! NONE !!!!! Firstly you just cannot do that stuff anymore. No broker will let you. This business where some are crying Naked Short, Naked Short, Naked Short, Naked Short is just plain wishful thinking. Didn't happen !!! Couldn't happen !!! And for some to accuse others to be a part of such a plan is just plain hogwash. Usually speculators start up this old Naked Short excuse because their stock price is going down or not performing well. As for the big shorting conspiracy theory involving the M M s .. that's more hogwash. This stock is STILL over-priced. We're waiting for news.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58369984&txt2find=short
So please help me out here. Did the MM's short KATX or not?
