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OldBen

02/23/12 9:21 PM

#195402 RE: alien42 #195396

That didn't answer the question. There should be electronic buys and sells matched without MMs borrowing shares. There should be no need to borrow shares when the price per share is going down. I will say it again. There should be no need to borrow shares when the price per share is going down.
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SevenTenEleven

02/23/12 9:23 PM

#195404 RE: alien42 #195396

MMs legally short, typically on an intraday basis in order to keep a fluid market. the same shares often trade hands dozens of times per day and those trades are among those reflected on the FINRA daily list. - alien42

Correct again!

And if they are legally shorting, and those shares are trading hands dozens of times per day, and those trades are being "reflected" on the FINRA daily numbers, then how are those "legal" short positions closed out completely when nearly 100% of the volume for the day is short volume?

Better yet, when it can be confirmed that only one or two retail BUYERS accounted for 100% of the total volume for that day, where is the SHORT COVER BEING REPORTED?

Oh Wait!