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taxxx

06/18/10 5:49 PM

#135667 RE: taxxx #135664

I just went and calculated and I get rougly about 175,000 shares... so that would bring the percentage to around 50% which is more realistic....looks like there was a seller who got impatient today... :-)
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Ninja7

06/18/10 6:07 PM

#135672 RE: taxxx #135664

I personally wouldn't make too much of the finra numbers (especially for any single day). They won't show naked shorts and can obviously be manipulated.

FWIW, here's my take on CDIV today (and most days in general). There is certainly manipulation going on, but it's also not the whole story. You have flippers going in and out, people getting impatient and moving on, others buying and selling with no idea about the FLD, and all the other stuff that makes a market. I think we had some (albeit limited) selling going on today that was likely from people who got spooked by the goofiness on the yahu boards that was posted this morning, which by the way is stuff from a few years ago that Monk freely discloses and is no longer involved in. In other words, it was a non-issue, but that doesn't mean some people won't panic some and sell. It also doesn't mean that the MM's won't take advantage of that situation and make it appear worse than it is.

So what if a couple people bailed today. Good riddance. This isn't the play for them. After all, it was only a measly 200K shares for the whole day, hardly a massive race for the exits.