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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: mimur who wrote (203494)9/8/2011 3:35:15 PM
From: stuffbug  Respond to of 313019
 
I am just going by the chart at the dataexplorers website.

Don't know if it is realtime or delayed by a day. In any case, the last datapoint looks like about 25 million and is a record high.

dataexplorers explains that they measure the amount of stock that is on loan. They consider this to be a proxy for the amount of stock that has been shorted. I don't know all the mechanics but it may be possible that the stock was nakedly shorted earlier, with the shorts finding loanable stock a day or two later.

I looked at a number of symbols and, generally speaking, the data seems to make sense. For example, look at Richmont Mines (RIC). Shares out on loan spiked in mid July and then came right back down in early August. So the stock was shorted into the highs near $9.00 and were then covered as the stock fell back to the low 7s.