Replies to post #33533 on California Grapes International, Inc (CAGR)

[Digra Ive]

PennyTr..Ru.. !! What we can do else with MMs & HFs. They have to be ruled by companies that give them power to manage and operate the company's shares. Honestly, I'm not completely understand approach of businesses to such important topic. From my point of view Mr. Frank has definitely made a right decision by moving trading rights to the new brokarage firm. I hope to see positive changes in share price especialy when we know that GDHI is in win win situation.

[pantherj]

Ahah! You are interpreting the daily short report incorrectly. Of course there is a temporary short on most every trade. How else could an MM make a market? Nearly 100% of those intra day shorts are covered with in a few seconds. Less than 1% take a full day to cover. However, the new rules require these trades to be reported as shorts, even though they are not short sales as you and I know them.

There was an excellent explanation of this process posted on another board by Dave Patch of investigatethesec fame. Later tonight, I'll see if I can't dig it out and post it here for everyone to see.