IMPORTANT: SETTLEMENT OF NEW SYMBOL
many moons ago, i did operations on the trade floor
in house, meaning whatever broker you are with, each security has a security number (not to be confused with a cusip). Each house will have their own numbering set up. VDSC had it's own unique number. PVEC has a brand new number. If there are 740,000,000 shares in the float, that means only 740,000,000 PVEC shares are handed out by the regulators. So at Schwab or Etrade or Nite or Herzog (oh wait, they don't exist anymore),etc.... you trade in your VDSC security for the PVEC. Debits have to equal credits. What if they don't? Then you have what is known as a position break. This will be discovered T+1. As the operations department (breaks, p&s) try to figure it out, by T+3 (settlement) compliance will see the Oasis report. This is where the position break turns into a P&L break. At this point compliance will breath down the manager's neck in the break's department as to why VDSC/PVEC did not balance out. Why do you have more VDSC shares than PVEC shares? This is when the manager will throw the sales trader, position trader, floor trader, agency trader, whomever under the bus and compliance will force whomever to cover the position and sweep the loss into an error account or a trading strategy on their pad.
LONG STORY SHORT, THIS RECENT BLIP/DIP IN PRICE IS THOSE SHORTS TRYING TO COVER THEIR POSITION. THEY USED VERT TO THEIR ADVANTAGE THE LAST 2 DAYS, BUT SMART MONEY IS BUYING SHARES FROM THE WEAK HANDS ALONG WITH THE SHORTS. THE MORE SMART MONEY THAT BUYS AT THIS LEVEL (cheating the shorts out of all the shares) WILL HELP CREATE THE LARGEST MOASS POSSIBLE. This should start Tuesday
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