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Re: None

Tuesday, 02/05/2013 10:22:22 AM

Tuesday, February 05, 2013 10:22:22 AM

Post# of 148342
Time to cover!

Courtesy of my boy Blue!

It also looks like some shorts will be forced to cover. According to Reg Sho list, VDSC is flagged for rule 3210. So I think that means a mandatory close-out of the market makers short positions. Add some news to this and you could very well get your .10 pps this month.

www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold

Rule 3210. Subject to the requirements of NASD Rule 3210
Where, for five consecutive settlement days, there are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more and the reported last sale during normal market hours would value the aggregate fail to deliver position at $50,000 or more.

When this occurs, the security becomes subject to mandatory close-out requirements outlined in NASD Rule 3210/OTC Rule 4320.

The allowed values are:

Y = Yes, if the issue is subject to mandatory close-out requirements of Rule 3210.
N = No, if the issue is NOT subject to mandatory close-out requirements of Rule 3210.