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Re: stockseekerok post# 1325

Wednesday, 02/12/2014 8:16:34 AM

Wednesday, February 12, 2014 8:16:34 AM

Post# of 9532
This short sale data is totally meaningless. It includes transactions by Market Makers where the short position was held as part of the process of completing a transaction - sometimes under a second.

This data is most often quoted by stock promoters who are trying to blame short sellers for a price decline, when the decline is in fact being caused by insiders dumping shares.

See www.goodetrades.com/2012/09/lying-stock-promoters-bullexchange-com-the-finra-short-reports/ for a full explanation.

Real short interest data is published bi-weekly. The latest short interest data available for FSPM shows that there were 208,338 shares in short positions at the end of the trading day on January 31. This data is based on mandatory brokerage reporting to FINRA.

See http://www.otcmarkets.com/stock/FSPM/short-sales