Will MM's be caught short again.(courtesy of Eldo on Motley Fool)
It looks to me that the MM's went short by 150,000 SEG
shares between the 13th December and the 3rd Jan.
I don't have data before the 13th December but
mikey001 calculated that they were 75k long at close
on the 15th.
My figures show that they then went 216k short so that
would leave them 141k short.
Below I've created two tables with my figures. The
first is where I have made adjustments to exclude MM
trades and to re-allocate trades where I judged that
there was little doubt as to whether they were buys or
sells.
The second table shows a summary of the raw data from
ADVFN.
One could argue that these figures are meaningless
because of the possibilty of "off-exchange"
transactions but anecdotal evidence would suggest that
at least two of the MM's are very short.
Anyone thinking of trading might speak to a proper
stockbroker and get a feel for the attitude of the
MM's.
My guess is that after the 14% rise on Nasdaq shares
of companies that have been caught in the tech. slump
but are profitable will rebound. Nividia went up 30%
today.
2 weeks to go before Sci's results and hope that the
MM's will have to buy back a substantial position.
Worth remembering what happened last time!
Totals 461,830 310,626 3,150 775,606
Date T.Buy T.Sell T.? 775,606
03-Jan 32,425 18,650 1,300 52,375
02-Jan 7,674 42,401 0 50,075
29-Dec 624 7,963 0 8,587
28-Dec 6,350 7,453 170 13,973
27-Dec 21,563 11,958 0 33,521
22-Dec 32,123 5,493 0 37,616
21-Dec 129,759 31,408 0 161,167
20-Dec 77,457 45,897 1,500 124,854
19-Dec 86,855 6,210 180 93,245
18-Dec 9,046 10,013 0 19,059
15-Dec 14,150 68,582 0 82,732
14-Dec 32,989 8,418 0 41,407
13-Dec 10,815 46,180 0 56,995
Totals 455,501 341,031 29,074
Date T.Buy T.Sell T.?
03-Jan 32,425 18,650 1,300
02-Jan 7,034 33,901 9,140
29-Dec 624 7,963 -
28-Dec 6,350 7,453 170
27-Dec 31,563 16,958 -
22-Dec 56,434 5,493 689
21-Dec 129,759 31,408 -
20-Dec 87,457 36,802 10,595
19-Dec 36,855 56,210 180
18-Dec 9,046 10,013 -
15-Dec 14,150 68,582 -
14-Dec 32,989 1,418 7,000
13-Dec 10,815 46,180 -