RE:RE:RE:HOUSE 1 BUYING CONTINUESNaked short selling is not happening LOL ??
Really ?? The only thing you have correct is that it is not allowed officially but is quite rampant here in canada . I guess you have not bothered to read the Macmillan report of late 2019.
They don't have to borrow shares ahead of any shorting..just have a reasonable expectation to settle and literally be detected only 10 days after the shorting if not settled. And legally market makers according to the rules can legally short in certain circumstances to fill orders where inventory is not available.
And you just found that link of ruling that is effective aug 17, 2022.
And even stipulates they have a way out
"
without a reasonable expectation that they will have access to sufficient securities to settle any resulting trade on settlement date, which generally is two days following the trade date, is prohibited by UMIR 2.2 –) And they also say that they should settle in 2 days but takes 10 days to be detected..so in effect they have 10 days to cover their tracks.
Those rules have always been in place so nothing has changed and the wiggle room to get aroumd them still exist.
Funny that you would think that after all the time you've been in the market.
And as far as not knowing whther long or short ??
although you have been claiming of positive accumulation for how long now ??
reviewing the short summary trades gives a very good indication since the prior to the most recent shorting report was 22 % of volume and most recent is 32 %.
Not a stretch at all to conclude that much of the move is short covering.
Maybe if you make more intelligent proofs of your conclusions i may be convinced !
Starsearcher80 wrote: Club, as you would know, naked short selling is no longer allowed, so I'm not sure why you are referencing it. https://thedeepdive.ca/naked-shorting-targeted-by-new-iiroc-notice/ Additionally, there is no way to know whether it is long buying or short covering, so suggesting that it is not hard to beleive it is short coveringamounts to nothing more than a coin toss. In reality, it could be long. It could be short covering. It could be both. So why say anything when you have no way of knowing anything factual in this arena?
clubhouse19 wrote: Not hard to believe that they would be doing some covering until their naked position at least is settled and now buying some back.
The positive move today, may very well be short lived considering the markets. The move today, to me was simply some short covering.
Some are saying that the markets should hit bottom after another 10% move to the downside. what shall it be and when ?
Starsearcher80 wrote: Don't know whether it is long or short covering today, but again to my thinking, it doesn't matter. In either case, it displays sentiment that the stock will be moving higher.
| House Positions for C:BBD.B from 20220926 to 20220926 |
| 1 Anonymous | 357,598 | 9,672,752 | 27.049 | 220,694 | 5,967,969 | 27.042 | 136,904 | -3,704,783 |
| 9 BMO Nesbitt | 61,333 | 1,673,043 | 27.278 | 34,943 | 951,544 | 27.231 | 26,390 | -721,499 |