MF got an unusual high volume exchanged today, but prices aren't moving much.
Easy to find out! Massive short exempt sales and increasing every day! Alsmost 30% of total volume was shorted and sold on down tic yesterday!20110729 MF 3979020 472200 7274449 Q 55 6,520110801 MF 1272189 176800 1843369 Q 69 9,620110803 MF 904696 460700 1548086 Q 58 29,8
It has to do with accumilation 9 times out 10 when you see that. Specifically this time around, today the preffered divi's were announced that are convertable into equity to raise the 380 mill he talked about on the CC.
Thanks. Is this a bad thing (convertible) for the stock?