Replies to post #29440 on KAT Exploration Inc (KATX)

[B402]

Art, here are 2 posts on Finra. Not sure if they are the ones you are looking for but.....

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A last attempt to let you know that the numbers you are posting are not what you think. The Finra reports have nothing at all to do with, short selling, naked short selling or anything to do with Short Selling.......Its a daily report on the Market Makers and the shares They are Short in Delivering Between Each Other.
Check post #27288,..Another explanition of the same thing. From the site you posted
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STOCK/VOLUME DATA FROM FINRA.ORG
"Pursuant to a Securities and Exchange Commission request, FINRA has agreed to make reported short sale trade data publicly available"
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Posted by: overachiever Member Level Date: Friday, February 19, 2010 2:00:24 PM
In reply to: southernnoise who wrote msg# 296116 Post # of 296144
Unless you know what you are looking at, you shouldn't draw any false conclusions. Those are daily tracking numbers

Until a security is delivered, it is considered to be technically short.

If I sell some SPNG today, it will show up as a short sale on FINRA records until my MM meets the buying MM "at the window". This can take up to 10 days. All you are really looking at is the sell side volume minus any flips or buy side through the same dealer. For example. If I buy 10 shares and you sell 20 shares and we are both using NITE and this is the only volume they handled all day long, the system would show NITE is short 10 shares until they deliver your stock to the buyer. Understand?

Stock is never delivered the same day you sell it. That would not be possible.

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Hope this helps, the Finra Reports are probably the most mis- quoted infomation in the markets. Have seen boards devistated by the thought they are shorted by hundreds of thousands a day and it is just plain untrue. The difference is short interest, which you can find on pink sheets.com. The finra reports are on shares short between MM's daily. Understand a change in reporting may come because of the confusion. Its about Delivery of Shares not Short Selling.

A Good Day and a Good Future I might add.....

Good Luck to All

Credit to JB for DD on this