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

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  Published in Stocks and Investing on Saturday, October 17th 2009 at 17:06 GMT, Last Modified on 2010-12-22 17:09:53 by WOPRAI
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October 19, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report for Friday, October 16th, 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. WCA Waste Corp (NASDAQ: WCAA), BJs Restaurants (NASDAQ: BJRI), FirstCity Financial (NASDAQ: FCFC), TigerLogic Corp (NASDAQ: TIGR), Envoy Capital Group (NASDAQ: ECGI) and Neurobiological Technologies (NASDAQ: NTII). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Symbol Short Volume Total Volume Percent

WCAA 460,232 523,357 87.94%

BJRI 328,472 526,129 62.43%

FCFC 53,990 87,496 61.71%

TIGR 63,532 114,100 55.68%

ECGI 46,765 85,718 54.56%

NTII 122,100 227,017 53.78%

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.

WCA Waste Corporation (NASDAQ: WCAA), through its subsidiaries, provides non-hazardous solid waste collection, transfer, processing, and disposal services in the south and central regions of the United States. The company supplies waste containers of various types and sizes to collect waste. Its residential solid waste collection services include contracts with municipalities and collection of waste from individual households or homeownersa� on subscription basis. The company also rents waste containers and provides collection services to construction, demolition, and industrial sites. As of December 31, 2008, it owned and/or operated 24 landfills, 26 collection operations, and 24 transfer stations/materials recovery facilities; and served approximately 343,000 commercial, industrial, and residential customers and 5,000 landfill and transfer station customers in Alabama, Arkansas, Colorado, Florida, Kansas, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company was founded in 2000 and is based in Houston, Texas.

BJs Restaurants, Inc. (NASDAQ: BJRI) owns and operates casual dining restaurants in the United States. The company operates restaurants under the BJa�s Restaurant & Brewery brand name, which includes a brewery within the restaurant; BJa�s Restaurant & Brewhouse that receives the beer it sells from its breweries or an approved third party craft brewer of proprietary recipe beers; and BJa�s Pizza & Grill, which is a smaller format, full service restaurant. As of December 30, 2008, it owned and operated 82 casual dining restaurants located in California, Texas, Arizona, Colorado, Oregon, Nevada, Florida, Ohio, Oklahoma, Kentucky, Indiana, Louisiana, and Washington, as well as licenses 1 restaurant in Lahaina, Maui. The company was founded in 1991 and is based in Huntington Beach, California.

FirstCity Financial Corporation (NASDAQ: FCFC) operates as a financial services company. The company operates in two segments, Portfolio Asset Acquisition and Resolution, and Special Situations Platform. The Portfolio Asset Acquisition and Resolution segment acquires portfolios of performing and non-performing commercial and consumer loans, real estate assets, and certain other assets at a discount to their legal principal balances or appraised values, as well as services and resolves such portfolio assets in an effort to maximize the present value of the ultimate cash recoveries. The Special Situations Platform segment provides investment capital to privately-held middle-market companies through flexible capital structuring arrangements. Its capital investments primarily take the form of senior and junior financing arrangements, as well as include direct equity investments, common equity warrants, distressed debt transactions, and leveraged buyouts. The company has operations in the United States, Mexico, France, Germany, Brazil, Argentina, and Chile. FirstCity Financial Corporation was founded in 1950 and is headquartered in Waco, Texas with additional offices in the United States and Mexico.

TigerLogic Corporation (NASDAQ: TIGR) engages in the design, development, sale, and support of software infrastructure. It offers TigerLogic Yolink, a browser-based search enhancement tool; TigerLogic XDMS, an enterprise native XML database management server with data and document centric capabilities; and multi-dimensional databases consists of D3 data base management system, which runs on various operating systems that allow application programmers to create new business solution software in less time than it normally takes in other environments. The company also provides rapid application development tools, which support the full life cycle of software application development and are used for rapid prototyping, development, and deployment of graphical user interface client/server, and Web applications. In addition, it offers continuing maintenance, customer support, professional, and training services. The company serves independent software vendors and software developers, and information technology departments. It sells its products through OEMs, system integrators, specialized vertical application software developers, value added resellers, and independent consultants, as well as through its sales personnel to end user organizations. The company was formerly known as Raining Data Corporation and changed its name to TigerLogic Corporation in April 2008. TigerLogic Corporation was founded in 1987 and is based in Irvine, California.

Envoy Capital Group Inc. (NASDAQ:ECGI) is a merchant banking organization that focuses on providing financial services as well as equity and debt capital, to small and mid-cap companies. For more information on Envoy Capital Group Inc., visit our website at www.envoy.to

Neurobiological Technologies, Inc. (NASDAQ: NTII), a biopharmaceutical company, engages in acquisition and development of central nervous system related drug candidates. Its advanced product candidate, Viprinex, is in Phase III clinical testing for treatment of acute ischemic stroke. The company has a strategic research and marketing cooperation agreement with Merz and Childrena�s Medical Center Corporation for the clinical development and commercialization of memantine; and collaboration and services agreement with Celtic Pharma Holdings, L.P. for the development of XERECEPT, a Phase III clinical trial product for the treatment of swelling associated with brain tumors. Neurobiological Technologies also has collaboration and license agreements with the Buck Institute for Age Research for the development of proteins in preclinical development for the treatment of Alzheimera�s and Huntingtona�s diseases. The company was founded in 1987 and is based in Emeryville, California.

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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.

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