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Rule_62

07/20/12 2:15 PM

#12412 RE: bw2003 #12408

bw this is where the info comes from:

Shares available for loan inventory
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=hdy&cntry=usa&tag=United+States&ib_entity=llc&ln=&asset=

Daily short sales: (ok this one takes a little work - it used to take me forever to mine the info but now I can do it in about 10 minutes - I'll explain below)
http://www.sec.gov/answers/shortsalevolume.htm

BATS is straight forward enough, just click on the link and follow the prompt to leave the SEC site (same with all of them). You want the daily volume file. Once you download and open it, just scroll down til you come to HDY (same proceedure with all of them). The other file is the orders - but for BATS it's pretty messy as it's not sorted by stock. Maker sure to toggle between the 2 different exchanges to get the files for both

Direct Edge - the daily reports are what you want. The "monthly reports" are actually the sales for the day. Thats where I got the individual sales info for EDGX that I included in my post. Again, scroll down until you find hdy. It's not ordered in terms of time sequence but you can copy and paste the HDY sales into a program like excel and then use the sort feature to reorder it.

The next one you want is Data Reported to a FINRA trf. Follow that link and when you come to the page, scroll to the bottom where you'll see a link to "daily short sales volume files. Once that opens, you want to look at two of them:
FINRA/NASDAQ TRF for Nasdaq
FINRA/NYSE TRF for NYSE

The next one you want is the National Stock Exchange. The other links, except for the NYSE ARCA link all lead to pay access sites, so you can't access the NYSE and NSADAQ from their websites directly (hence the FINRA alternative)

Finally, the last one is the NYSE ARCA link. This one is a little different. When you get to the page, the first thing to do is change the setting at the bottom of the list to show 50 instead of 25. You then have to click through to get to somewhere around page 54 (the location actually varies if some stocks have no short sales on a particular day)

On average the above exchanges usually capture around 75-85% of the total daily volume, so the percentage of short sales is not 100% accurate but I take it as a pretty good indication. BTW if anyone has a link to any other data not included above I would appreciate it if you pasted.

This is the short analytics site I've referred ot a few times. The problem though is that they only use data from a couple of the exchanges above and only capture about 20-25% of the daily volume on average, so their charts can be quite misleading if the shorting on one or more of those exchanges is considerably higher or lower than the average across the other exchanges.
http://www.shortanalytics.com/getshortchart.php?tsymbol=hdy

There you go! BTW keep in mind that some of the daily activity is the normal short selling by MM's who are known to short in order to complete a transaction and then cover later in the day. I don't know what the normal level of activity might be. I think an indication of that activity is provided though on those days when an RCB is in place, as I understand that their activity would show as the exempt sales (normally not a very significant volume of the total short count on those day when an RCB is in place and there is short exempt volume)

Now you can look for yourself! I am not going to do this and post it every day, but I'm doing it right now to gain more understanding of how HDY is manipulated.

I have a sneaking suspicion that when we see the next short interest update that it will have moved very little from the last numbers. I suspect the Russell gang will still be closing out any short positions they still hold, but I also suspect that while the big money is exiting, there are a lot of small players who are shorting (and unsuspectingly selling to the Big Boys who are closing out and taking their profits). Big money doesn't care who it leaves holding the bag, just so long as they cash in. I personally think they'll keep doing their damnedest to hold the price down until they've all fully exited and then leave the small fish to fend for themselves.

But I could be wrong. Who really knows lol. But I do know this much - I sure wouldn't want to be left holding the bag when and if a JV announcement hits. The price on this stock is way undervalued right now, just based on a potential resource valuation. Evne if you deep discount that price, it should still be double where it is now. And that's before a major signs up.