Replies to post #33510 on Bakken Energy Corp. (BKEN)

[DragonBear]

Well that's the funniest thing I've heard today

Here are the FACTS: Thursday: 69% of the volume was short.
Friday: 31% of the volume was short.

The FACTS are: Daily Short volume reflects a MM making a trade as "riskless" per SEC Rules 200, 203.

Example: You wish to buy 100K shares. Another retail holder wishes to sell 500K shares. The MM knows each order Since a MM in a microcap stock does not hold any stock of its own, and trusts the selling broker to deliver the shares, they immediately sell your broker 100K shares to provide market liquidity, and submit the transaction to SHO. It's called a "riskless" trade. Since the MM sold shares they do not have, the trade must be submitted to SHO as "Short". That is what is appearing as daily Short volume. Typically in T+3 or less time, the selling broker delivers the shares, in the second leg of the trade. The so called daily short trade reported is in reality one Long selling to another.

One needs to understand SEC Rules 200, 203, and how the market really works.

[liable]

You actually need to educate yourself on the difference between short volume and short interest. There is a big difference and the knowledge will definitely help you.