Post by BigPuddin on Nov 19, 2005 18:12:01 GMT -4
The following was posted by Stonewall on PB32/66
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From Zen's post:
There haven't been 2 trillion shares even TRADED in the past couple of years, so the notion that somebody would start a thread with the title "3.1 trillion shares" borders on the ridiculous.
Also, the 60k shareholders is a figure from the NOBO/OBO list, which is the number of accounts that have bought and sold CMKX. That includes day traders, imo.
We have nowhere near 60k shareholders at this point, imo.
This board needs to move away from this kind of fantasy post, and get in touch with facts.
Do you understand the role ex-clearing plays in naked short selling? Do we have proof of ex-clearing going on at one broker (ie. Jefferies)? Can we assume that others engaged in ex-clearing practices? How about CRWN and NITE (the volume leader)? How about if 10 other brokers each failed to report 100B to the tape? Would that equate to a "missing" trillion shares in less than 6 months? What if every 6 months, 1 trillion shares was lost to the tape? How many "lost trades" would exist in the system...4 trillion?
Are you getting the picture yet?
Have you learned anything from Byrne?
You seem to think the volume data "we" get to see, is actually the true volume figure.
If this is how they report trades on a NASDAQ LISTED company, how do you think they report trades on a subpenny PINKSHEET? Do you see the graph below? Do you see the ratio of "real" volume vs. "phantom" volume?
OSTK's market volume at it's peak represented less than HALF of all trades being reported to the tape. And this is a FULLY REPORTING, NASDAQ listed company. If they can get away with faking trades by a 2:1 ratio on the big boards with "strict regulation", what can they do down here where the SEC doesn't even shine the light?
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My question has always been: "How can we derive conclusions from selective data?"
If we could see the actual records of all shares traded in CMKX for the past 2 years, then maybe we could draw a few conclusions.
In the meantime, I await my certs and power up the fax machine. ;D
-Puddin
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From Zen's post:
treyb said:
Zen, you have lost your mind.There haven't been 2 trillion shares even TRADED in the past couple of years, so the notion that somebody would start a thread with the title "3.1 trillion shares" borders on the ridiculous.
Also, the 60k shareholders is a figure from the NOBO/OBO list, which is the number of accounts that have bought and sold CMKX. That includes day traders, imo.
We have nowhere near 60k shareholders at this point, imo.
This board needs to move away from this kind of fantasy post, and get in touch with facts.
Do you understand the role ex-clearing plays in naked short selling? Do we have proof of ex-clearing going on at one broker (ie. Jefferies)? Can we assume that others engaged in ex-clearing practices? How about CRWN and NITE (the volume leader)? How about if 10 other brokers each failed to report 100B to the tape? Would that equate to a "missing" trillion shares in less than 6 months? What if every 6 months, 1 trillion shares was lost to the tape? How many "lost trades" would exist in the system...4 trillion?
Are you getting the picture yet?
Have you learned anything from Byrne?
You seem to think the volume data "we" get to see, is actually the true volume figure.
If this is how they report trades on a NASDAQ LISTED company, how do you think they report trades on a subpenny PINKSHEET? Do you see the graph below? Do you see the ratio of "real" volume vs. "phantom" volume?
OSTK's market volume at it's peak represented less than HALF of all trades being reported to the tape. And this is a FULLY REPORTING, NASDAQ listed company. If they can get away with faking trades by a 2:1 ratio on the big boards with "strict regulation", what can they do down here where the SEC doesn't even shine the light?
**************
My question has always been: "How can we derive conclusions from selective data?"
If we could see the actual records of all shares traded in CMKX for the past 2 years, then maybe we could draw a few conclusions.
In the meantime, I await my certs and power up the fax machine. ;D
-Puddin