Replies to post #8570 on Mindpix Corp. (fka MPIX)

[unconvinced]

LOL, people finally figured out the only way to make money from Roxanna's pathetic companies is to bet on them going down!

-unconvinced

[lucky, mydog]

patchman





Wednesday, February 16, 2011 6:17:44 PM



Re: None





Post # of 80603


Sorry guys but if you are looking for valuable metrics on short sales, looking at the “Short Volume” report is the wrong place to look. This is a report of all “marked” short sales in a given day but many of those shorts are not originated by a short seller but a long seller. Let me explain:

If you are a long and want to sell, you place your order with your broker-dealer (BD), if that BD is not a market maker in that stock they route your trade to a market maker for execution. Let’s use 100,000 shares as the example.

Because the market maker does not want to get stuck with a loss or any shares, they go into the market and execute 9 separate orders at 10,000 shares each. They do so by selling first (short sale) and then turn around and buy the exact same quantity from your BD to close out their position and settle the trade. Since the MM sold in the media market (the one you see) but bought in a non-media market since it was the second leg of the single order, only the short sale is reported to the system. This is called a riskless principle trade.

Notice I said they executed qty. 9 10,000 share trades. The industry set up this process to insure that the market maker is not stuck with the shares. If the MM had to buy the stock first to trade it, they would own 100,000 shares but was only able to execute 90,000 at the price offered. They would be stuck with a 10,000 share investment they do not want. This riskless principle rule allows them to sell what they can and buy the same amount back to cover the trade.

Bottom Line: Much of the short volume number represents routed trades and not short sales. This comes from the regulators I speak to but can be backed by the fact that almost 50% of all trades are represented in this volume regardless of the stock trading.

If you are looking for short sales, go to the bi-monthly short interest report and monitor the FTD report posted by the SEC.










Tytan Holdings Inc. (TYTND) Stock Trading Info:

[lucky, mydog]

Jim Bishop





Thursday, July 07, 2011 11:10:15 AM



Re: Mind on my Money post# 157617





Post # of 195729


It's proof of nothing. A total of 5 million fails end of March considering the outstanding here, is diddly squat. You do realize of course that fails to deliver apply to long sells as well.


http://www.sec.gov/foia/docs/failsdata.htm

Frequently Requested FOIA Document:

Fails-to-Deliver Data

What You Should Know About the Data

This text file contains the date, CUSIP numbers, ticker symbols, issuer name, price, and total number of fails-to-deliver (i.e., the balance level outstanding) recorded in the National Securities Clearing Corporation's ("NSCC") Continuous Net Settlement (CNS) system aggregated over all NSCC members. Data prior to September 16, 2008 include only securities with a balance of total fails-to-deliver of at least 10,000 shares as of a particular settlement date. Data on or after September 16, 2008 include all securities with a balance of total fails-to-deliver as of a particular settlement date. The data include fails-to-deliver in equity securities.

The values of total fails-to-deliver shares represent the aggregate net balance of shares that failed to be delivered as of a particular settlement date. If the aggregate net balance of shares that failed to be delivered is less than 10,000 as of a particular settlement date prior to September 16, 2008, then no record will be present in the file for that date even if there are fails in that security. If the aggregate net balance of shares that failed to be delivered is zero as of a particular settlement date on or after September 16, 2008, then no record will be present in the file for that date. Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails. Thus, it is important to note that the age of fails cannot be determined by looking at these numbers. In addition, the underlying source(s) of the fails-to-deliver shares is not necessarily the same as the underlying source(s) of the fails-to-deliver shares reported the day prior or the day after.

Data Prior to July 2009
Prior to July 2009, the files contain each settlement date over a calendar month. The monthly files are archived in a zipped file for each calendar quarter. We cannot guarantee the accuracy of the data.

Data Starting July 2009
Starting July 2009, each month is contained in two files. The first half of a given month is available at the end of the month. The second half of a given month is available at about the 15th of the next month. We cannot guarantee that the data will be posted by a particular date. We cannot guarantee the accuracy of the data.

The price field includes the closing price of the security on the previous day as long as the price is available and is greater than one penny. When the price is not available or is less than a penny, the field is filled with a “.”. Even when prices are included in the data, we cannot guarantee that this price matches closing prices available from other sources.

Please note that fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling or “naked” short selling. For more information on short selling and fails-to-deliver, see http://www.sec.gov/spotlight/keyregshoissues.htm, http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm, and http://www.sec.gov/rules/final/34-50103.htm.