Silver Falcon Mining

Welcome to the Silver Falcon Mining HUB on AGORACOM (Edit this Message from the "Fast Facts" Section)
in response to gsdreamer's message

The daily short selling data is meaningless. It mostly derives from the way the market makers operate. When a buy order comes in, they make sure that shares are available, then they sell the shares first (technically a short sale), and then buy the shares to cover. So even though it was never intended to be a short sale, and it is covered essentially immediately, it is reported as a "short sale". In actuality, it is almost impossible to legally short penny stocks- ask your broker about it. If they even allow it, the margin requirements are astronomical (one broker requires $2.50 in your account for each penny share shorted). Naked shorting, on the other hand, is a real problem, but since it doesn't show up in the reports, it is impossible to tell specifically what stocks are targeted without a lot of forensic accounting work.

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spiny
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9793
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Date Joined
06/03/2008
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Silver Falcon Mining
Symbol
SFMI
Exchange
OTCBB
Shares
202,565,218 class A (3.88M- B)
Industry
Metals & Minerals
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