Replies to post #28659 on Seven Arts Entertainment Inc (SAPX)

[sodafromyoda]

dont blind yourself eom

[infiniteloop]

How are Details proof that I'm shorting? Wouldn't I want others to short too, to help my position?

I couldn't afford to short. Nor would I, I think it's a bad move. I'd get margin called quickly on volatility. I don't think any pro traders would either (I'm no where near a pro trader...), risk vs reward, it's not worth it. Margin account would lock up too much money. So, yes, I try to look for other reasons to explain why the "trading patterns" do what they do. Turns out, dilution can be most of the explanation. It has a further advantage: It can be shown to exist in filings.

I'm confused that you never seem to hear that I'm completely OK with the volatility of this stock and completely comfortable with the fact that it could go up in the short term.

It's funny that you don't address any of the points I make about it, you just say "lol, too detailed". Maybe I'm the only one who took debate in high school, who understands how to address points that are made. I'm addressing one of *your points* right now. The judge would have called this one a long time ago.

The "Details" that I gave are actually the result of me reading and trying to learn about shorting... which I did primarily because you and others made a claim that shorting is occurring. You conveniently never ever ever discuss the dilution. Noooo, it's always shorts. I don't see why to listen to the arguments you raise if you won't address the known "trading pattern" that is new shares.

Hey, while we're at the whole learning thing, just for kicks go to the website you linked to and click "questions" in the menu on the left... it goes to this link:

http://failstodeliver.com/questions.aspx

Now, just for fun read "What is a Failure to Deliver? " and look at the last line starting with "therefore..."

Gasp. Not necessarily evidence of naked shorting it says? Say it ain't so. There are.... OTHER explanations for why the graph can do that?

[wEaReLeGiOn]

Any trade executed by a "long seller" will appear as a "short sale" if that trade is routed through market maker. The market maker will sell the stock into the market prior to taking it from your account. The market maker doesn't hold the shares, therefore they are by definition selling short the shares. Their "locate" was the routed trade.
It takes longer than three days to convert paper to electronic shares and transfer for settlement, ergo the FTDs (fail to delivers)

Here is the current short position for SAPX

http://www.nasdaq.com/symbol/sapx/short-interest

Settlement Date Short Interest Avg Daily Share Volume Days To Cover
7/13/2012 106,596 2,035,012 1.000000
6/29/2012 72,863 2,846,574 1.000000
6/15/2012 243,740 4,339,346 1.000000
5/31/2012 275,612 3,233,877 1.000000
5/15/2012 371,839 4,249,955 1.000000
4/30/2012 221,113 3,318,886 1.000000
4/13/2012 32,422 1,492,787 1.000000
3/30/2012 6,859 2,610,817 1.000000
3/15/2012 9,741 1,556,635 1.000000
2/29/2012 44,814 1,695,722 1.000000
2/15/2012 146,533 2,223,713 1.000000
1/31/2012 150,749 4,438,328 1.000000
1/13/2012 191,550 792,000 1.000000
12/30/2011 665,427 636,661 1.045183
12/15/2011 87,213 1,235,965 1.000000
11/30/2011 93,057 3,076,655 1.000000
11/15/2011 90,524 837,880 1.000000
10/31/2011 60,858 960,483 1.000000
10/14/2011 23,172 949,867 1.000000
9/30/2011 10,635 582,008 1.000000
9/15/2011 8,490 289,748 1.000000
8/31/2011 5,102 1,067,461 1.000000
8/15/2011 23,210 716,783 1.000000

The proof of the Fails to Deliver are in the Chart.

Definitely being shorted