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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: StockDung who wrote (94952)8/18/2006 2:25:27 PM
From: Patchie  Read Replies (2) | Respond to of 122087
 
Floyd, wrong again. Since this is my last post today (limited to 5) I will just say it and walk away.

You are an idiot.

The DTCC was addressing the $6 Billion number and now how fails are disseminated to the SEC to determine SHO threshold securities. The FOIA, had you read it, is aggregate fails to deliver. The fails were greater than 100% of the total shares issued and outstanding because Wall Street failed to recognize the reverse split and sold old quantity shares into a lower market. Note I never claimed naked short.

As for the DTCC they are wrong as well. The DTCC monitors member activities (FTD, FTR). These do not 100% cancel out. A member can fail to deliver to a non member firm (Offshore) and a member can fail to receive from a non-member firm (offshore). Thus you do not take the $6 Billion and simply divide by two.

I have spent enough time schooling you on the details behind the numbers. You obviously have no clue what you are talking about but tried to control a situation regardless. Next time, do better homework.