Hi Silver - thanks for your posts.

Much has been said about the short selling data - here is my take:

A Market Maker in a thinly traded stock such as Silverado is probably 50% of the daily volume (25% short and 25% long-with paper orders being the balance of volume) on any given day. A MM will buy when "paper" is on the other side and vice - versa. It would follow that to trade "flat" which is normally the case for MM's - with no change in net position, the short interest should be 25% on balance everyday-guessing that they are 25% of the buys as well. An example of this is often the first trades of the day are non MM buying as the MM sells to him. Those sells would be new short positions.

Therfore if the new short # is less the 25% of the total volume-the amount of net shorts is actuall decreasing. Ex.- if the short % of volume is 16% - it is my guess the MM would be 34% of the buy volume for that day. You have to keep in mind essentially all orders have a MM on one side of it-never paper vs. paper.

Conversely - if the daily short % of the total volume is 40% - it would mean the net short # for that day increased by 15% of the days volume.

On balance, your daily short numbers have been higher then 25%. I see this as shorts adding to their positions by an incrmental amount an ongoing basis.

This is just my take. - I have been a shareholder for several years - not much of a poster. i enjoy reading intellegent posts on the board.

THX