




Short Sale Recap. Highest % Of Daily Trading Volume Short All Exchanges Combined For Thursday


🞛 This publication is a summary or evaluation of another publication
October 16, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report for Thursday, October 15th, 2009 and come to the following statistical conclusions. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Theravance (NASDAQ: THRX), WebMD Health (NASDAQ: WBMD), McGrath Rentcorp (NASDAQ: MGRC), MarketAxess Holdings (NASDAQ: MKTX), Wintrust Financial (NASDAQ: WTFC) and Veeco Instruments (NASDAQ: VECO). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Symbol Short Volume Total Volume Percent
THRX 160,068 308,625 51.86%
WBMD 34,052 72,122 47.21%
MGRC 27,323 58,126 47.01%
MKTX 35,604 75,799 46.97%
WTFC 120,347 263,289 45.71%
VECO 400,028 900,118 44.44%
In late October 2008 the SEC updated Regulation SHO requiring that all short sellers must locate, borrow and deliver any shares they have shorted, no exceptions, by T+3 settlement date. If not, a buy-in must be forced by the broker dealer that the short seller transacted through by the opening of the market on T+4. Since a company first appears on the naked short list when short sellers have been failing to deliver for 5 consecutive trading days, stocks should theoretically never be on the naked short list again. BUYINS.NET will monitor the exchangesa� naked short lists daily and issue an alert and notify the SEC and FINRA should short sellers fail to deliver on any short sales.
Reg SHO Rule 204 (i) requires brokers to deliver shares on long and short sales of publicly traded equity securities by settlement date, (ii) continues to require brokers to close-out fails to deliver by the beginning of trading on T+4 for short sales and T+6 for long sales, (iii) precludes clearing brokers and their introducing brokers from selling short a security, other than on a pre-borrowed basis, if a fail to deliver in that security is not timely closed out until the fail is closed out and that close-out transaction settles, (iv) allows clearing brokers to allocate fails to introducing brokers and (v) continues to permit brokers to rely upon pre-fail credit to satisfy Rule 204's close-out requirement to avoid the pre-borrow requirements when a fail at a clearing broker has not been closed out. However, the SEC liberalized certain of these provisions in several regards. For example, permanent Rule 204 now allows a broker to close-out a fail on a long sale by borrowing the security, whereas Rule 204T had only permitted closing out long fails by buying-in, which should alleviate some of the buy-in risk for investors that experience long fails. Similar relief was extended to close-outs for market maker fails, so that a fail from a bona fide market making transaction (including short and long fails) can now be closed out by the beginning of trading on T+6 by borrowing the security. Further, Rule 204 now permits a broker to borrow securities to obtain pre-fail credit for early close-outs, whereas temporary Rule 204T only permitted pre-fail credit to be obtained by purchases of securities.
The SEC refused requests to extend the close-out deadline for fails to deliver to the close of business on the close-out deadline, choosing instead to retain the requirement that all fails be closed out by the beginning of trading on the applicable close-out deadline. The Commission also rejected requests for a fail to deliver exception that would have provided an exception from the close-out requirements if a clearing broker's fail position was below a certain amount but said that it would continue to monitor whether a de minimis or odd lot exception could be warranted.
Theravance, Inc. (NASDAQ: THRX), a biopharmaceutical company, engages in the discovery, development, and commercialization of small molecule medicines across various therapeutic areas, including respiratory disease, bacterial infections, and gastrointestinal motility dysfunction. It offers Telavancin (cSSSI), a bactericidal injectable antibiotic for the treatment of complicated skin and skin structure infections; Telavancin (HAP) that is used to treat hospital-acquired pneumonia or nosocomial pneumonia; and Horizon to develop and commercialize long-acting beta2 agonist (LABA) product candidate as a single agent new medicine for the treatment of chronic obstructive pulmonary disease (COPD) and as part of a new combination medicine with an inhaled corticosteroid (ICS) for the treatment of asthma and/or a long acting muscarinic antagonist (LAMA) for COPD. In addition, it offers GSK961081, a bifunctional muscarinic antagonist-beta2 agonist compound, which is in phase 2 clinical studies; and TD-5108, a gastrointestinal motility dysfunction program for the treatment of chronic constipation and other disorders related to reduced gastrointestinal motility. The company has collaboration arrangements with Astellas Pharma, Inc. for the development and commercialization of Telavancin; GlaxoSmithKline plc to develop and commercialize LABA product candidates; and AstraZeneca AB to develop and commercialize intravenous anesthetic compounds. The company also has a strategic alliance with GlaxoSmithKline plc. The company was formerly known as Advanced Medicine, Inc. and changed its name to Theravance, Inc. in April 2002. Theravance was founded in 1996 and is headquartered in South San Francisco, California.
WebMD Health Corp. (NASDAQ: WBMD) provides health information services to consumers, physicians, healthcare professionals, employers, and health plans through its public and private online portals, and health-focused publications primarily in the United States. The WebMD Health Network consists of public portals, such as WebMD Health, a primary public portal for consumers; and Medscape from WebMD, a primary public portal for physicians and other healthcare professionals, as well as third party sites, through which the company provides branded health and wellness content, tools, and services. The companya�s private portals enable employees and health plan members to make benefit, treatment, and provider decisions. It also provides e-detailing promotion and physician recruitment services for use by pharmaceutical, medical device, and healthcare companies. In addition, the company offers complementary offline health publications, including WebMD the Magazine, a consumer magazine distributed to physician office waiting rooms; and The WebMD Little Blue Book, a physician directory. The company was formerly known as WebMD Health Holdings, Inc. The company was incorporated in 2005 and is headquartered in New York, New York. As of March 14, 2005, WebMD Health Corp. operates as a subsidiary of HLTH Corporation.
McGrath RentCorp (NASDAQ: MGRC) operates as a business-to-business rental company in the United States. It operates in four segments: Mobile Modular Management Corporation (Mobile Modular); TRS-RenTelco; Adler Tank Rentals, LLC (Adler Tank); and Enviroplex, Inc. (Enviroplex). The Mobile Modular segment rents and sells modular buildings and accessories to public and private schools, colleges, and universities for temporary and permanent space needs in California, Texas, Florida, North Carolina, and Georgia. These modular units are used as classrooms, temporary offices, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, and for other purposes. The TRS-RenTelco segment rents and sells electronic test equipment. It offers general-purpose test equipment, including oscilloscopes, amplifiers, analyzers, and signal source and power source test equipment to aerospace, defense, electronics, industrial, research, and semiconductor industries; and communications test equipment, such as network and transmission test equipment for various fiber, copper, and wireless networks primarily to manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tank segment provides containment solutions for the storage of hazardous and non-hazardous liquids and solids. It rents temporary storage tanks and containers for use in energy, environmental, industrial, and construction applications. The Enviroplex segment manufactures and sells portable classrooms to public school districts and other educational institutions in California. McGrath RentCorp was founded in 1979 and is based in Livermore, California.
MarketAxess Holdings, Inc. (NASDAQ: MKTX), through its subsidiaries, operates a platform for the electronic trading of corporate bonds and certain other types of fixed-income securities. The companya�s multi-dealer trading platform enables its institutional investor clients to request executable bids or offers from its broker-dealer clients; and execute trades with the broker-dealer of their choice. It offers its broker-dealer clients a solution that enables them to reach its institutional investor clients for the distribution and trading of bonds. The company also provides its clients the ability to trade the United States high-grade corporate bonds, European high-grade corporate bonds, and emerging markets bonds, as well as crossover and high-yield bonds, agency bonds, and credit default swaps. In addition, it offers DealerAxess trading service that enables dealers to trade fixed-income securities and credit default swaps with each other on its platform. Further, the company provides Corporate BondTicker, an information services product, which provides access to real-time and historical price, yield, and MarketAxess estimated spread-to-treasuries for publicly disseminated financial industry regulatory authority trade reporting and compliance engine-eligible bonds; and Application Program Interface services to broker-dealer clients for pre-trade, trade negotiation, and post-trade services for straight-through processing. Additionally, it provides Financial Information eXchange message management tools, connectivity solutions, and ancillary technology services that facilitate the electronic communication of order information between trading counterparties. The company serves institutional investor clients, including investment advisers, mutual funds, insurance companies, public and private pension funds, bank portfolios, and hedge funds, as well as broker-dealers in fixed-income trading. MarketAxess Holdings, Inc. was founded in 2000 and is headquartered in New York, New York.
Wintrust Financial Corporation (NASDAQ: WTFC), through its subsidiaries, engages in community banking, specialty lending, and wealth management businesses in the United States. Its community banking business offers banking and financial services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional customers. These services include deposit products, such as demand, negotiable order of withdrawal, money market, savings, and time deposit accounts; home equity, home mortgage, consumer, real estate, and commercial loans; safe deposit facilities; automated teller machines; and Internet banking services. The companya�s specialty lending business offers financing for the payment of commercial insurance premiums; short-term accounts receivable financing; out-sourced administrative services, including data processing of payrolls, billing, and cash management services to customers in the temporary staffing industry, as well as engages in the origination and purchase of residential mortgages for sale into the secondary market and provides the document preparation and other loan closing services to a network of mortgage brokers. These products are marketed through insurance agents and brokers to their small and mid-size corporate clients. Wintrust Financial Corporationa�s wealth management business provides trust and investment services, asset management, and securities brokerage services, which are marketed primarily under the Wayne Hummer name. As of December 31, 2008, it operated 79 banking offices. The company was founded in 1992 and is based in Lake Forest, Illinois.
Veeco Instruments Inc. (NASDAQ: VECO) and its subsidiaries design and manufacture solutions for customers in the high brightness light emitting diode (HB-LED), solar, data storage, semiconductor, scientific research, and industrial markets worldwide. The company operates in three segments: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology. The LED & Solar Process Equipment segment engages in the design and manufacture of metal organic chemical vapor deposition systems, molecular beam epitaxy systems and sources, and other types of deposition systems, such as Web coaters. This segment sells its products to manufacturers of HB-LEDs, solar cells, and telecommunications devices, as well as to universities and scientific research centers. The Data Storage segment engages in designing and manufacturing ion beam etch, ion beam deposition, diamond-like carbon, physical vapor deposition, and dicing and slicing products primarily used in creating thin film magnetic heads that read and write data on hard drives. The Metrology segment designs and manufactures atomic force microscopes, scanning probe microscopes, stylus profilers, and optical interferometers that provide critical surface measurements in research and production environments. Its products are used in universities, research facilities, and scientific centers. This segmenta�s metrology instruments enable customers in the semiconductor, data storage, and other industries to monitor their products throughout the manufacturing process. The company was founded in 1945 and is headquartered in Plainview, New York.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,650,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each montha�s short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Occassionally companies or third parties pay $995 per month to purchase data for information provided in monthly reports. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
BUYINS.NET and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.NET, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor. By visiting BUYINS.NET or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. BUYINS.NET, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to BUYINS.NET and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State. Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. BUYINS.NET does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. BUYINS.NET places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.
Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact: Thomas Ronk, CEO www.BUYINS.net +1-800-715-9999 Tom@buyins.net