Replies to post #5935 on CAVU Resources Inc (CAVR)

[Bucks4Buckeyes]

Yes there are. And there are still some things which I do not quite understand.

Note the rule taken from this link:

http://www.nasdaqomxtrader.com/trader.aspx?id=RegSHOThreshold

Rule 3210

On April 4, 2006, the Securities and Exchange Commission (SEC) approved new Rule 3210, (superseded by Rule 4320), Short Sale Delivery Requirements, which applies short sale delivery requirements to those equity securities not otherwise covered by the delivery requirements of Regulation SHO, namely non-reporting OTC equity securities.1Rule 3210, among other things, requires participants of registered clearing agencies to take action on failures to deliver that exist for 13 consecutive settlement days in certain non-reporting securities. In addition, if the fail to deliver position is not closed out in the requisite time period, a participant of a registered clearing agency or any broker-dealer for which it clears transactions is prohibited from effecting further short sales in the particular specified security without borrowing, or entering into a bona-fide arrangement to borrow, the security until the fail to deliver position is closed out.

So, there are various lists which detail the shorts on a stock DAILY. On yesterday's time stamp, you will notice 12 OTCBB & 26 Pinks that have gone MORE THAN 13 DAYS SHORTING WITHOUT FILLING THEIR ORDERS!

At least, that's the way I read it.

Still trying to get a handle on the whole thing, but one thing is certain, the MM's can naked short all they want. The only thing that whacks them is buying volume.