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47.6% Of All NYSE Trading Yesterday Was Short Selling. SNV, VMC, WRI, MWV, PCU, CSC With Highest % Of Daily Trading Volume Sho

^{Published on 2009-08-28 09:04:20, Last Modified on 2010-12-22 14:41:43 - WOPRAI}
 

August 28, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Thursday, August 27th, 2009 and come to the following statistical conclusions. There were 6,403 stocks with daily short volume reported and total NYSE trading volume of 1,242,361,546 shares. Total Daily Short Volume was 591,427,658 shares. 47.30% of all trading on the NYSE yesterday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Synovus Financial (NYSE: SNV), Vulcan Materials (NYSE: VMC), Weingarten Realty Investors (NYSE: WRI), MeadWestvaco Corp (NYSE: MWV), Southern Copper Corp (NYSE: PCU) and Computer Sciences Corp (NYSE: CSC). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090827 SNV 481,450 578,053 P 83.29%

20090827 VMC 103,475 131,052 P 78.96%

20090827 WRI 158,604 201,434 P 78.74%

20090827 MWV 294,238 381,842 P 77.06%

20090827 PCU 521,973 679,617 P 76.80%

20090827 CSC 171,320 227,811 P 75.20%

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.

Synovus Financial Corp. (NYSE: SNV) operates as the bank holding company. It offers commercial banking services, including commercial, financial, agricultural, and real estate loans, as well as various retail banking services comprising accepting customary types of demand and savings deposits; making individual, consumer, installment, and mortgage loans; safe deposit services; leasing services; automated banking services; automated fund transfers; Internet based banking services; and bank credit card services, including MasterCard and Visa services. The company also provides professional portfolio management, investment banking, securities brokering, and individual investment advice; and trust, mortgage, insurance agency, financial planning, and asset management services. As of March 10, 2009, it operated 336 offices and 440 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. The company was founded in 1888 and is based in Columbus, Georgia.

Vulcan Materials Company (NYSE: VMC), together with its subsidiaries, engages in the production and sale of basic materials for the infrastructure primarily in the United States. The company operates in three segments: Aggregates, Asphalt mix and Concrete, and Cement. The Aggregates segment produces construction aggregates, including crushed stone, sand and gravel, rock asphalt, and recycled concrete. This segmenta�s aggregates are used primarily in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities. Its aggregates are also used as railroad track ballast. The Asphalt mix and Concrete segment produces and sells asphalt mix and ready-mixed concrete; and other concrete products, such as block, prestressed, and precast beams, as well as resells purchased building materials related to the use of ready-mixed concrete and concrete block. The Cement segment provides Portland and masonry cement in bulk form and bags to the concrete products industry. It also mines, produces, and sells calcium products for the animal feed, paint, plastics, and joint compound industries. In addition, this segment imports cement, clinker, and slag to resell, as well as to blend, bag, or reprocess into specialty cements. Vulcan Materials Company serves asphalt mix, ready-mixed concrete, and concrete product producers; and construction, road and highway, nonresidential building, nonresidential parking lot, and residential contractors. The company, formerly known as Virginia Holdco, Inc., was founded in 1909 and is headquartered in Birmingham, Alabama.

Weingarten Realty Investors (NYSE: WRI) operates as a real estate investment trust (REIT). The company engages in the management, acquisition, and development of real estate. It operates in two segments, Shopping Center and Industrial. The Shopping Center segment engages in the acquisition, development, and management of real estate, primarily anchored neighborhood and community shopping centers located in Texas, California, Louisiana, Arizona, Nevada, Arkansas, New Mexico, Oklahoma, Tennessee, Kansas, Colorado, Missouri, Illinois, Florida, North Carolina, Mississippi, Georgia, Utah, Kentucky, and Maine. Its customer base includes supermarkets, discount retailers, drugstores, and other retailers. The Industrial segment engages in the acquisition, development, and management of bulk warehouses and office/service centers. Its properties are located in Texas, Nevada, Georgia, Florida, California, and Tennessee. As of June 30, 2005, Weingarten Realty Investors owned or operated under long-term leases, directly or through its interest in joint ventures or partnerships, a total of 350 developed properties and 3 properties that are in various stages of development. Its properties include 294 shopping centers and 59 industrial properties. Weingarten Realty Investors qualifies as a REIT for federal income tax purposes. As a REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. The company was founded in 1948 and is based in Houston, Texas.

MeadWestvaco Corporation (NYSE: MWV) engages in the packaging resources, consumer solutions, consumer and office products, specialty chemicals, and community development and land management businesses. The companya�s Packaging Resources segment offers bleached paperboard and linerboards, as well as packaging for consumer products, including packaging for media, beverage and dairy, produce, cosmetics, tobacco, pharmaceuticals, and healthcare products. Its Consumer Solutions segment provides various converting and consumer packaging solutions that comprise printed plastic packaging and injection-molded products used for packaging media products, such as DVDs, CDs, video games, and software; cosmetics and pharmaceutical products; and dispensing and sprayer technology systems for personal and beauty care, healthcare, fragrance, and home and garden markets. This segment also designs and produces multi-pack cartons and packaging systems primarily for the beverage take-home and tobacco market. The companya�s Consumer and Office Products segment manufactures, sources, markets and distributes school and office products, time-management products, and envelopes in North America and Brazil through retail and commercial channels. Its Specialty Chemicals segment manufactures, markets, and distributes specialty chemicals, such as activated carbon used in emission control systems for automobiles and trucks, as well as chemicals used in printing inks, asphalt paving, adhesives, and lubricants. The companya�s Community Development and Land Management segment involves in real estate development, forestry operations, and leasing activities. Its products are sold through a mixture of sales force, paperboard merchants, and distributors. The company primarily operates in the United States, Canada, Mexico, South America, Europe, and Asia. MeadWestvaco Corporation was founded in 1888 and is based in Glen Allen, Virginia.

Southern Copper Corporation (NYSE: PCU) produces and sells copper, molybdenum, zinc, silver, lead, and gold worldwide. The company engages in the mining, milling, and flotation of copper ore to produce copper concentrates and molybdenum concentrates; smelting of copper concentrates to produce anode and blister copper; refining of blister/anode copper to produce copper cathodes; and production of refined copper using SX/EW technology. It operates Toquepala and Cuajone mines in the Andes mountains, which are located southeast of the city of Lima, Peru; and a smelter and refinery west of the Toquepala and Cuajone mines in the coastal city of Ilo, Peru. The company also engages in open pit operations, which include La Caridad and Cananea mine complexes; and the smelting and refining plants and support facilities. In addition, it involves in underground mining operations, which includes five underground mines that produce zinc, copper, silver, and gold; a coal mine, which produces coal and coke; and various industrial processing facilities for zinc and copper. The company has its mining, smelting, and refining operations in Peru and Mexico, as well as exploration operations in Peru, Mexico, and Chile. Southern Copper Corporation was formerly known as Southern Peru Copper Corporation and changed its name to Southern Copper Corporation. The company was founded in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation is a subsidiary of Americas Mining Corporation.

Computer Sciences Corporation (NYSE: CSC) provides information technology (IT) and business process outsourcing, and IT and professional services to the commercial and government markets. The companya�s information technology outsourcing services include the operation of customera�s technology infrastructure, including systems analysis, applications development, network operations, desktop computing, and data center management. CSC also offers various business process outsourcing services, such as procurement and supply chain, call centers and customer relationship management, credit services, claims processing, and logistics. In addition, the company provides various IT and professional services, including systems integration that comprises designing, developing, implementing, and integrating information systems; and consulting and professional services, such as advising clients on the strategic acquisition and utilization of IT, as well as on business strategy, security, modeling, simulation, engineering, operations, change management, and business process reengineering. Further, CSC licenses software systems for the financial services and other industry-specific markets, as well as provides various end-to-end business solutions; computer equipment repair and maintenance services; and credit reporting services. The company provides its services to clients in industries, including aerospace and defense, automotive, chemical and natural resources, consumer goods, financial services, healthcare, manufacturing, retail and distribution, telecommunications, and technology, as well as to foreign government clients, civil departments and branches of the military, and the department of homeland security. It has operations in North America, Brazil, Europe, and the Asia Pacific region. Computer Sciences Corporation was founded in 1959 and is based in Falls Church, Virginia.

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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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