I'm not a member of the CMN blog, but wish to present specific information rather than introduce it as a comment on some other topic.
Posting may not be necessary, as all I have to contribute is the following. It may be (and I think should be!) of interest to you or other members.
http://www.sec.gov/foia/docs/failsdata.htm
Frequently Requested FOIA Document:
Fails-to-Deliver Data
This page describes the contents and structure of the tables that follow. Here is a list I've extracted from the semi-monthly tables,showing the number of shares "failed-to-deliver" of CMNZF during April, May, June, and the first half of July. 2010. "Failure-to-deliver" is not invariably a sign of short selling, as the SEC notes. But several days in this period show quite large numbers of fails. Possibly some of you may be able to correlate these with specific events in the stock's recent history.
Wouldn't it be nice if the SEC would publish similar data on Canadian exchanges!
I've bought into Century just in the last few days, in a small way.I noted mention of (possible?) predatory short selling in a recent post on the Century blog and thought this might be of interest.
(A useful reference on the disastrous effects of naked short selling:
http://www.thesanitycheck.com/GettingStarted/tabid/73/Default.aspx
Hope this helps--
I'd like to say also, good work on the Blog. I think it's unique and very useful.
2 comments:
Seems to be all quite on the analysts front--too quite indeed.
Could any good soul get some feedback from BP? Perhaps those who are ready are timing release of their respective reports after knowing who the new CEO is or they are waiting to see some more quarterly results? The collective prolonged silence to date does seem odd to note.
Thanks for the post, Carib.
One aspect of our problem is that we don't have an SEC in Canada. Our political leaders can't seem to get their act together, and create a national securities regulator. Instead, we have a hodge-podge of provincial agencies, plus the TSX. So, to whom do we direct our grievances concerning suspected stock manipulation (naked short sales, etc)? Perhaps to the All-Mighty?
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