Replies to post #65443 on Golkor Inc (GKOR)

[GoKatGo]

It says that there were 2,344,287 shares sold short yesterday.

I would think that was just the short positions forced on the MM's when they were caught offguard by the PR and resultant buying demand. We know they will try to walk the stock down to flatten out this short position.

[Rick-UK]

Hi domefirst. Here's the same report for 24th May 2010...

Date | Symbol| ShortVolume| TotalVolume
24 May | KATX | 2,943,485| 7,161,271

24th May was also a green day for KATX. I could be wrong but I think this is just the MMs keeping an orderly market by fulfilling buy orders as they come in. They get three days to make good.

[patriots33]

So what your saying you predict another walk down?

[art35]

Dome --

The mistake you are making here,, in projecting this as a need for short covering is that this is NOT SHORT INTEREST

The MMs have three days to deliver and then it is an FTD---fail to deliver---and this is a no-no

The FINRA is just the MMs business for that day---means nothing.

There is MINISCULE short interest in KATX and please do not infer to us that there will be a mass short cover buy-in---as it will not happen

The above is not my opinion---this is a "Fact Jack"

There has been numerous postings about this---perhaps you could dial up Jim Bishops's posts ane read more about this

Cheers, Art