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Friday, April 27, 2012 12:53:28 PM
Guess you couldn't really answer HR's question (or mine) on why we might see a high percentage of FTDs. Probably because there isn't really a good answer, especially since as you know, there is no NSS. lol
The previous 3 days had FTDs running at or above 50%. These were all low volume days, didn't amount to much, and just indicate MMs may not have bothered to locate shares before making a trade. Nothing new and as you say:
I guess we have a couple hundred thousand ftd's because I can't see why anyone would be selling right now.
Yesterday was a little different though, we had 2.75 million trades and only a 21% FTDs. Just a WAG, but I guess it all irons out in the wash, or maybe wash trades between MMs yesterday so as not to run afoul of the 13 day rule?
As Gordon Gekko said, "You stop sending me information, and you start getting me some."
lol
Invested in the Mountain
and that's what Counts!
easy
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