Replies to post #14768 on PGI Energy, Inc. (PGIE)

[Dobie Lama]

I think people really misunderstand this concept. And the myth of the nasty shorts lives on.

The FINRA short data comprises unsettled trades. Trades that are not made in-house ( eg TDA buyer from a TDA seller ) take up to 3 market days to locate and deliver the traded shares. Those trades are referred to as short sales until settled...NOT short positions.

[Cassandra]

Indeed, PGIE traders, shareholders or investors should review the following post for details about short data reported by FINRA daily vs. actual short sales reported bi-weekly: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65886553

Anyone can call the main FINRA phone number at [phone] to verify that the above post is accurate.

I wish that FINRA would have such an explanation on its website or otherwise confirm in a public statement as short selling is so often used in an attempt to explain share price drops in PKs and keep investors holding until the shorts supposedly have to cover.

However if the supposed short sales weren't legitimate shorts (i.e. dilution or just market selling), those who bought or continued to hold based on the short selling + later covering concept, end up losing.

The majority of PK share price drops that are blamed on shorts turn out to be dilution from the companies and their various financiers from what I have seen in the last decade.

Be very cautious about believing anything about shorts being responsible for share price drops.