Sunday, June 03, 2012 7:44:44 PM
Individuals don't short as is well known, but Market Makers are allowed to have Failure to Delivers (FTDs) under certain circumstances.
Friday's FTD report shows 56.6% of the trading was not held in MMs' inventory, "borrowed" against existing shareholder margin accounts, borrowed from other MMs, or pre-located.
Here's a fact, not opinion:
FINRA reported 952,601 FTDs out a total of 1,683,513 shares traded on Friday.
Probably just an isolated incident, right? Not really a trend.
http://otcshortreport.com/mdmn
OK, I'm sure it's just to increase liquidity allowable under SEC exemption rules, since trading shares that aren't readily available as a strategy to manipulate share price is clearly illegal by MMs.
What will MMs do when the funding announcement for ADL comes and assay reports for LDM are made available? No worries there! You may want to mark this post too! lol
If you're in, Youre In!
Invested In the Mountain
... and That's What Counts!
easy
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM