Monday, March 21, 2011 10:23:36 PM
They cover by buying back their short shares from another MM not locked out by the 13 day rule, IMO, of course. In the process, a few legitimate shares get shaken loose by the weak knee'd, and actually get traded to those with some dry powder. That's how the MMs have played the pinks for years. It's called making a market. All one has to do is look at the Fail to Delivers on today's FINRA list. 69.6% FTDs! That's right, 6,011,182 airshares out of 8,640,970 traded!!! So how did 6M shares seem to have been traded but not located today? Hmmmm...I wonder, could it be the noose is being drawn tighter? One day closer to the news of the tranche, IMO, and then, BAM! Right on, longs! Know what you hold. I'll wait.
Easy$
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