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newtechinvestor

05/19/10 10:15 AM

#3190 RE: uhlmant #3189

<<So during a day like yesterday could look like this:

22k short out of 28k total traded
assuming they could only cover (28-22 = 6k) 6k shares, then 16k are still open and rolled over to today.

This assumes that the MM tried to cover all of the 22k naked shares that were created. Its possible none of them where covered. What we do know is that an absolute MINIMUM there were 16k NEW naked shorts created just yesterday alone. >>

Another scenario could be that out of 22k shares short, 11k shares (a half) could have been sold short/naked by MM and bought by the same MM from a retail investor. In this case, the MM essentially increased its inventory by 11k shares for itself or for someone. Could it be that MM is manipulating to accumulate shares?