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Thursday, May 31, 2012 2:02:50 PM
OTC Market companies DO NOT have "shorts". They are traded on a quotation system. A brokerage or bank that maintains a firm bid and ask price in a given security by standing ready, willing, and able to buy or sell at publicly quoted prices (called making a market). These firms display bid and offer prices for specific numbers of specific securities, and if these prices are met, they will immediately buy for or sell from their own accounts. A decentralized market of securities not listed on an exchange where market participants trade over the telephone, facsimile or electronic network instead of a physical trading floor. There is no central exchange or meeting place for this market. On the OTC market, trading occurs via a network of middlemen, called dealers, who carry inventories of securities to facilitate the buy and sell orders of investors, rather than providing the order matchmaking service seen in specialist exchanges such as the NYSE. What the market makers do is "oversell". None of this matters as they simply move out of the box. Eventually they will balance their books and that's when the experts come screaming out "accumulation"
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