Further Comments on how MMs handle a Transaction
"The specialist then sells *Short* from its own account 1000 Shares when it finds one or more buyers at an acceptable price.
Once the shares have been sold, the specialist covers the short with the shares that its client wanted to sell in the first place.
This process occurs because otherwise the specialist is on the hook to purchase the shares from the client, and it honestly doesn't know if it can unload the turkeys."
QUESTION: Where is the 'specialist' getting the shares to 'SHORT' in the first place, if they don't hold an inventory.
If they have an inventory, how much are they paying for the inventory shares. They've not been able to 'BUY' shares under .0001 since OCT 4, yet they are matching Buyer and Seller to the tune of 1.5BILLION shares (over 50% reported as FTD)
OCTOBER TOTALS
Trades UNDER .0001===239,000,000 SOLD AFTER HOURS LAST OCT 4
Trades at .0001 and .0002=== 810,073,282
NOVEMBER TOTALS
Trades UNDER .0001===ZERO
220 @ .0001 for 565,845,979===$56,585.00
18 @ .0002 for 15,165,000======$3,033.00
DECEMBER TOTALS TO-DATE
Trades UNDER .0001===ZERO
58 @ .0001 for 149,076,294=======$14,907.00
12 @ .0002 for 2,794,010========$558.00
WHAT 'INVENTORY' OVER THE LAST 16 MONTHS
RUNNING TOTAL (Aug 5,2009 - July 21,2010)
Trades UNDER .0001===806,933,931....TOTAL under $80,693.00
Trades at .0001======5,246,882,651... TOTAL........$524,688.00
Trades at .0002=======424,786,551....TOTAL...........$84,672.00
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