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SIRI, MSFT, HGSI, CSCO, AMAT, ETFC With Highest Daily Short Volume On NASDAQ Yesterday

^{Published on 2009-08-27 09:48:48, Last Modified on 2010-12-22 14:41:32 - WOPRAI}
 

August 27, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Wednesday, August 26th, 2009 and come to the following statistical conclusions. There were 6,532 stocks with daily short volume reported and total NASDAQ trading volume of 1,554,786,334 shares. Total Daily Short Volume was 755,261,585 shares. 48.57% of all trading on the NASDAQ yesterday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. SIRIUS XM Radio (NASDAQ: SIRI), Microsoft (NASDAQ: MSFT), Human Genome Sciences (NASDAQ: HGSI), Cisco Systems (NASDAQ: CSCO), Applied Materials (NASDAQ: AMAT) and eTrade Financial (NASDAQ: ETFC). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090826 SIRI 7,442,246 22,565,018 Q 32.98%

20090826 MSFT 6,396,253 12,238,107 Q 52.27%

20090826 HGSI 6,022,034 11,115,276 Q 54.18%

20090826 CSCO 5,912,486 10,554,972 Q 56.02%

20090826 AMAT 4,738,735 8,184,129 Q 57.90%

20090826 ETFC 4,139,883 9,409,867 Q 44.00%

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.

Sirius XM Radio Inc. (NASDAQ: SIRI) provides satellite radio services in the United States and Canada. The company offers a programming lineup of 117 channels to subscribers, which include 63 channels of commercial-free music and 54 channels of sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; and religious channels. As of December 31, 2008, Sirius XM Radio had 19,003,856 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offers graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Websites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems and products that provide access to the Internet radio services in the home without the personal computer. Sirius XM Radio Inc. was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.

Microsoft Corporation (NASDAQ: MSFT) provides software and hardware products and solutions worldwide. The Client segment offers Windows Vista comprising Home Basic, Home Premium, Ultimate, Business, Enterprise, and Starter editions; and Windows XP, including Professional, Home, Media Center, and Tablet PC editions. The Server and Tools segment develops software server products, as well as software developer tools, services, and solutions consisting of Microsoft SQL Server, Visual Studio, Silverlight, System Center products, Forefront security products, Biz Talk Server, Microsoft Consulting Services, and Premier product support services. The Online Services Business segment provides online advertising platform; online information offerings; and email and instant messaging services. This segmenta�s product line comprises Bing; Microsoft adCenter/adExpert; Microsoft Media Network; MSN portals, channels, and mobile services; Windows Live suite of applications and mobile services; Atlas online tools; MSN Premium Web Services; and Razorfish media agency services. The Microsoft Business Division segment offers Microsoft Office system products and Microsoft Dynamics business solutions, including Microsoft Office; Microsoft Office Project; Microsoft Office Visio; Microsoft Office SharePoint Server; FAST ESP; Microsoft Exchange Server; Microsoft Exchange Hosted Services; Microsoft Office Live Meeting; Microsoft Office Communications Server; Microsoft Office Communicator; Microsoft Tellme Service; Microsoft Dynamics ERP products; Microsoft Dynamics CRM; and Microsoft Dynamics CRM Online. The Entertainment and Devices Division segment provides Xbox 360 console and games; Xbox Live; Zune; Mediaroom; consumer software and hardware products, such as mice and keyboards; Windows Mobile software and services platform; Windows Embedded device operating system; Windows Automotive; and the Microsoft Surface computing platform. The company was founded in 1975 and is headquartered in Redmond, Washington.

Human Genome Sciences, Inc. (NASDAQ: HGSI) operates as a biopharmaceutical company in the United States. The companya�s clinical development pipeline includes novel drugs to treat hepatitis C, lupus, inhalation anthrax, and cancer. It focuses on the commercialization of Albuferon (albinterferon alfa-2b) for hepatitis C and LymphoStat-B (belimumab) for lupus. The company has completed Phase III development trials for Albuferon and is conducting two Phase III clinical trials of LymphoStat-B. It also delivers doses of ABthrax (raxibacumab) to the U.S. Strategic National Stockpile for use in the event of an emergency for the treatment of inhalation anthrax. In addition, the company has various drugs in the earlier stages of clinical development for the treatment of cancer, led by the TRAIL receptor antibody HGS-ETR1 and a small-molecule antagonist of IAP (inhibitor of apoptosis) proteins. Further, Human Genome Sciences, Inc., through a strategic collaboration agreement with GlaxoSmithKline, has substantial financial rights to certain products in the GlaxoSmithKline clinical pipeline, including darapladib that is in Phase III development as a treatment for coronary heart disease; and Syncria (albiglutide), which is in Phase III development as a treatment for type 2 diabetes. Additionally, it has a strategic commercial collaboration agreement with Novartis International Pharmaceutical, Ltd. for the co-development and commercialization of Albuferon; and a strategic licensing and collaboration agreement with Aegera Therapeutics, Inc. to develop and commercialize HGS1029 and other small-molecule inhibitors of IAP (inhibitor of apoptosis) proteins in oncology. Human Genome Sciences, Inc. was founded in 1992 and is headquartered in Rockville, Maryland.

Cisco Systems, Inc. (NASDAQ: CSCO) designs, manufactures, and sells Internet Protocol (IP)-based networking and other products relating to the communications and information technology industry worldwide. The company offers routers that interconnect IP networks and moving information between networks; switching systems, which provide connectivity to end users, workstations, and servers; application networking solutions; home networking products, such as voice and data modems, network cards, media adapters, Internet video cameras, network storage, and USB adapters; and Cisco security solutions to protect information systems. It also provides storage area networking products that deliver connectivity between servers and storage systems; unified communication products, which integrate voice, video, data, and mobile applications on fixed and mobile networks; video systems, including digital set-top boxes and digital media technology products; and in-building and outdoor wireless networking products. Further, the company offers optical networking products, cable access, and service provider VoIP services. It provides its products and services through its direct sales force, systems integrators, service providers, resellers, distributors, and retail partners to large enterprises, public institutions, telecommunications companies, commercial businesses, and personal residences. Cisco Systems has strategic alliances with Accenture, Ltd.; AT&T, Inc.; BearingPoint, Inc.; Cap Gemini S.A.; Dell, Inc.; EMC Corporation; Fujitsu Limited; Hewlett-Packard Company; Intel Corporation; International Business Machines Corporation; Italtel SpA; Microsoft Corporation; Nokia; Nokia Siemens Networks; Oracle Corporation; Siemens AG; Sitronics Telecom Solutions, Czech Republic a.s.; Sprint Nextel Corporation; ThruPoint, Inc.; Wipro Limited; and Tata Consultancy Services, as well as a partnership with NASA. The company was founded in 1984 and is headquartered in San Jose, California.

Applied Materials, Inc. (NASDAQ: AMAT) designs, manufactures, and sells semiconductor fabrication equipment worldwide. The companya�s Silicon segment provides a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. It offers systems that perform primary processes used in chip fabrication including: atomic layer deposition, chemical vapor deposition, physical vapor deposition, etch, rapid thermal processing, chemical mechanical planarization, and wafer metrology and inspection, as well as systems that etch, clean, measure, and inspect circuit patterns on masks used in the photolithography process. Its Applied Global Services segment offers products and services designed to improve the performance and productivity and reduce the environmental impact of the fab operations of semiconductor, LCD, and solar cell manufacturers. The companya�s Display segment provides equipment to fabricate thin film transistor LCDs for televisions, computer displays, and other consumer-oriented electronic applications. Ita�s Energy and Environmental Solutions offers manufacturing solutions for the generation and conservation of energy. This segment also provides manufacturing solutions for wafer-based crystalline silicon, and glass-based thin film applications to enable customers to increase the conversion efficiency and yield PV devices. In addition, the company offers roll-to-roll vacuum Web coating systems for high-performance deposition of a range of films on flexible substrates for functional, aesthetic, or optical properties, as well as large-area sputtering equipment for the production of low-emissivity and solar control architectural glass. It primarily serves manufacturers of semiconductor wafers and chips, flat panel liquid crystal displays, and solar photovoltaic cells and modules. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.

E*TRADE Financial Corporation (NASDAQ: ETFC), through its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors, under the brand name of E*TRADE Financial worldwide. It offers various brokerage products and services, including automated order placement and execution of the U.S. and international equities, currencies, futures, options, exchange-traded funds, mutual funds, and bonds. The company also provides quick transfer, wireless account access, extended hours trading, quotes, research, and advanced planning tools. Its banking products and services include checking, savings, sweep, money market, and certificates of deposit products. E*TRADE Financial primarily provides its services through its Web site at etrade.com, as well as through its network of customer service representatives, relationship managers, and investment advisors. The company was founded in 1982 and is based in New York, New York.

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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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