If the market is indeed so "clean" and unmanipulated, why do the specialists and the market makers keep vital information for weeks before they disclose it to the public. For instance, the volume of buying and selling in general, including short sales by specialists and members can be found every week in the Barron's, but these are always two weeks late.
Short positions in specific stocks, are not disclosed on a daily basis, but in toto, and that 15 days after the closing of the month in which these have happened. There is absolutely no technical reasons that this information should not be made available to the public and at once, as a matter of fact, there is no technical reason why each trade should not be marked as a short sales, short cover or a normal opening and closing transaction (after all, they mark "cash" trades as such). This is an attempt of the "powers" to keep the public in the dark. I won't even go into discussing the "houses" issuing strong buy recommendations on peaking stocks, and selling into these, while finally downgrading the same stocks near their bottom (LL had a strong buy on SNDK well above 100, recently, at 440, they decided to downgrade it, a good signal to get ready and buy <g>).
Please, go and preach, but on something else, not the purity of the street.
Zeev |
