Thank you. That is exactly what the memorandum said would happen. Funny how the words get spun into something else altogether.
The suspension is for those who tried to transact stock AFTER the chill went into effect and therefore couldn't settle the transactions. Those are the 'aged fails' that everyone has blown out of proportion. No new transactions are allowed SO THERE CAN BE NO COVER.
The 'aged fails' are totally legitimate trades that were caught up in the timing of the chill and therefore couldn't be completed properly. They are being taken care of this week.
No cover, no shorts, no volume, no nothing. Just minor paperwork catching up with a few legitimate trades.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.