Replies to post #2959 on RCMW Group Inc (fka RCMW)

[Jackroch]

Thanks, Bly.

You may be right on the short sale regulations. I did think this applies to all shorting but it might only apply to the naked shorts by market makers alone. I've asked a friend who is an attorney to look over these FINRA regs.

I guess if it does only apply to naked shorts the question would then be how much of the short volume of CPOW since 28 Feb when these rules kicked in are naked shorts.

These are the RegSHO figures from that date forward:

date ticker short vol short exempt vol total vol market
20110228 CPOW 499682 0 1935058 OTC
20110301 CPOW 300545 25000 1930569 OTC
20110302 CPOW 242523 2300 717958 OTC
20110303 CPOW 82109 0 496599 OTC
20110304 CPOW 121930 0 722802 OTC
20110307 CPOW 80544 0 631066 OTC
20110308 CPOW 155891 0 1028263 OTC
20110309 CPOW 25535 0 1130465 OTC
20110310 CPOW 18350 0 843384 OTC
20110311 CPOW 752315 0 1911677 OTC
20110314 CPOW 1619662 0 5631339 OTC
20110315 CPOW 1099343 0 2528663 OTC
20110316 CPOW 554435 0 1641119 OTC

Now, this is a real question. If in the last 2+ weeks since the new regs came out, are there really only 27,300 shares that were naked shorted by market makers as the short exempt volume would seem to indicate?

And if so, does this mean that the 5552864 minus 27,300 = 5553137
is the total of short sold shares by individual short sellers in the last 2 weeks? That's about 26% of the total volume on average.

You were right about my comment on short sellers. In actual fact you are correct that there is no right or wrong side to a trade. What I said was too general. There are a couple of specific short sellers that I feel are unethical and I have named them in the past. Both spread vicious data about CPOW, such as the company being in a barn and being a sham and in doing so they profited on short sales. One of them urged his subscribers to short CPOW until it was a penny.

In the END, it is really the company that determines where this shareprice is going to go IMO. They either produce oil, biodiesel and feedstock and get paid for it - or they don't. Meanwhile this stock has definitely seen some ups and downs based on campaigns on BOTH sides of the trade.

Good luck to CPOW investors.

[palmspringsbum]

Yep

Regarding your comment about the morals of shorting: The real difference between someone that goes long on a stock and someone that goes short is that the long feels that the stock is undervalued at the current price and the short feels that the stock is overvalued at the current price. I don't believe that one position is morallly superior to the other. What I do think is immoral is spreading misinformation in an attempt to manipulate the stock price, but neither pumpers (longs) or shorts have a monopoly on this practice.

The real players in this game will take profit at 20%, and make $5,000 doing it. Everyone else is just along for the ride. In other words, when a stock runs-up 80%, profit-taking is a given, along with a pull-back, and an increase in short-interest.

The people who make money are the ones that accept this and play the market, rather than letting it play them.