Replies to post #14176 on Connexus Corporation (CNXS)

[THall]

Wrong once again. There is $6.00 worth of shorted shares of CNXS. What your quoting is short volume the first leg of any trade LMAO

[THall]

Perhaps using the correct link when talking about how many shares are actual short would be a better solution. Here ya go

10,000 short shares with 0 failed to deliver. WOW thats $6.00 LMAO

http://otce.finra.org/ESI

[THall]

Here is the real explanation of what RegSho "Short Volume " is actually telling an investor. Hope this helps with your misunderstand of what shorted stock really is and the purpose of RegSho data.

The daily short interest report from FINRA is as widely misinterpreted as any report ever put out. Yet, once a few basics are understood, it becomes very logical. The huge short volume seen in the daily reports are almost instantaneously covered; within a few milliseconds or a few hours at worst. The best explanation of this report, that I've ever seen, was posted by "Dave Patch" of "Investigatethesec.com."


Short Sale Volume Reporting’s are deceiving.
I spoke to FINRA today and found out some very interesting things that until now I did not fully understand. I knew there was something wrong with this transparency of information but was not 100% sure what it was. I think I have my answer and it was enlightening.


www.finra.org/Industry/Regulation/Notices/2009/P120045

The individual I spoke with wanted to make clear that to maintain proper trade volume reporting accuracy, a trade with multiple legs in the trade would only be reported once in the volume reports. The example given would be.

Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.

So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker. The key language in the FINRA notice is this:


Quote:
--------------------------------------------------------------------------------
The Daily Short Sale Volume File will provide daily access to the aggregate volume of short sales in NMS Stocks and OTC Equity Securities reported to a consolidated tape and traded over-the-counter during regular trading hours on each trading day.

[VeronicaFox]

That is completely false and 100% misinformation. As it has been explained here numerous times before, the initial leg is all that is recorded by the Daily Reg SHO you're presenting - That is IT.

It does NOT reconcile due to the buying on the second leg of the same transaction. This report does NOT address what is open at the end of the day as the trade cycle is T+3 (Trade Date + 3 days for settlement).

If one is truly concerned about open positions at the end of the trade cycle, look at the FTD report. If the concern is short interest, FINRA suggests the only report that gives true short interest is FINRA's own short interest report. Plus anyone who is interested can read up on riskless principal transactions. It's all quite simple and self-explanatory.

[JimmyCrickets]

Nice to see you Darkpool. Lets repeat. Last time you showed up we went to .0033. Let's have a repeat. You're our good luck charm!

[DJ Ponder]

Pure nonsense once again. The same old phony blame shorty bs.
May as well yell out that fabricated "NO DILUTION " bs while at it.
HERE's SOME REALITY FOR YOU darkpool:

The OS HAS GROWN FROM 40m to 1.27 B as in BILLION since JAN

But no....Blame a mythical shorty.
Smh.



r

[VeronicaFox]

CNXS FORM T

22,087,141 @ $0.000474