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Re: Benztrader post# 89944

Tuesday, 11/26/2013 4:59:49 AM

Tuesday, November 26, 2013 4:59:49 AM

Post# of 187251
OTCshortReport is meaningless!
Read here why:
http://promotionstocksecrets.com/the-truth-about-naked-short-selling/

Essentially, the short volume reports reflect MM activity. They report nearly all trades, and only the first leg of any trade is printed. As Haberman pointed out, the MM reporting a short sale may cover immediately, and end the session flat. Anyone who calls FINRA to ask about all this will be told to rely on the bi-monthly short interest report, also published by them.

In the three years since the daily short volume report first appeared, not a single short squeeze could have been predicted based on the information contained therein. Yet the NSS fanatics continue to beat the drum.

Nonetheless, websites like buyins.net, run by Tom Ronk, and otcshortreports.com, run by John Lux, claim to be able to call a squeeze based on the daily short volume numbers. So far, they haven’t been successful in doing so, though many readers mistake strong rallies for squeezes. Buyins.net is a promotional site; companies pay Ronk to produce “squeeze trigger reports.”



Thanks Janice!