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SevenTenEleven

02/11/11 7:13 AM

#33141 RE: XenaLives #33138

So is it that string of 100% short days that caused the new "chill".

Just starting to follow here....
- Paula

The "chill" was put in place on the 24th of January. Since then, there has been a "stepped up" effort to shake investors out and a stepped up effort of short selling. When the daily short volume is not 100% of the total volume, it is often 100% of the buying at $0.0002. Funny how only $0.0002 are "unsquared trades" as some experts like to call them.

The bid is holding nicely with 9 market makers stacked. A few of which may be handling short sales for themselves and/or for their "hedgy" clients. Some of those market makers represent retail clients such as eTrade, Scottrade, and TDAmeritrade. All of which have restricted buying or selling of HRNF for their retail customers. All (retail customers) of which are not allowed to short a non-marginable security such as HRNF. So who is short selling right now?

Since the DTC is not allowing clearing of HRNF through their system, those market makers "creating a market", must be ex-clearing around the DTC. Something they are very accustomed to even when there is not a "chill" on a stock.