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49.22% Of All NASDAQ Trading Yesterday Was Short Selling. SUMR, MPWR, TAXI, CASM, MVIS, BEBE With Highest % Of Daily Trading V


Published on 2009-08-28 09:48:35, Last Modified on 2010-12-22 14:41:51 - WOPRAI
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August 28, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Thursday, August 27th, 2009 and come to the following statistical conclusions. There were 6,556 stocks with daily short volume reported and total NASDAQ trading volume of 1,659,145,411 shares. Total Daily Short Volume was 816,737,184 shares. 49.22% of all trading on the NASDAQ 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. Summer Infant (NASDAQ: SUMR), Monolithic Power Systems (NASDAQ: MPWR), Medallion Financial (NASDAQ: TAXI), CAS Medical Systems (NASDAQ: CASM), Microvision (NASDAQ: MVIS) and Bebe Stores (NASDAQ: BEBE). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090827 SUMR 275,247 298,388 Q 92.24%

20090827 MPWR 305,967 353,535 Q 86.55%

20090827 TAXI 137,638 160,874 Q 85.56%

20090827 CASM 102,090 120,115 Q 84.99%

20090827 MVIS 178,450 221,160 Q 80.69%

20090827 BEBE 204,013 252,857 Q 80.68%

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.

Summer Infant, Inc. (NASDAQ: SUMR) designs, markets, and distributes branded juvenile health, safety, and wellness products to retailers primarily in North America and the United Kingdom. It offers products in various product categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, related health and safety products, booster and potty seats, bouncers, a line of soft goods/bedding, infant sleep positioners, head supports, and portable changing pads, as well as nursery and feeding accessories. The company sells its products through various distribution channels comprising chain retailers, specialty retailers, and direct to consumers. Summer Infant, Inc. is headquartered in Woonsocket, Rhode Island.

Monolithic Power Systems, Inc. (NASDAQ: MPWR) designs, develops, manufactures, and markets analog and mixed-signal semiconductors. It offers direct current (DC) to DC converter integrated circuits (IC) to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, set top boxes, automobiles, and medical equipment. The company also provides liquid crystal display (LCD) backlight inverter ICs for systems that provide light source for LCD panels in notebook computers, LCD monitors, car navigational systems, and LCD televisions. In addition, it offers audio amplifier ICs to amplify sound produced by audio processors; and class-D audio amplifiers for plasma televisions, LCD televisions, and DVD players. The company sells its products through third party distributors; and directly to original equipment manufacturers, original design manufacturers, and electronic manufacturing service providers. Monolithic Power Systems, Inc. was founded in 1997 and is headquartered in San Jose, California.

Medallion Financial Corp. (NASDAQ: TAXI), through its subsidiaries, operates as a specialty finance company in the United States. The company engages in originating, acquiring, and servicing loans that finance taxicab medallions and various commercial businesses. It also originates consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as provides other debt, mezzanine, and equity investment capital to companies in various industries. In addition, the company originates commercial loans that finance the purchase of the equipment and related assets necessary to open a new business or the purchase or improvement of an existing business; and loans to small businesses for the purpose of financing inventory and receivables. Further, the company raises deposits and conducts other banking activities. Medallion Financial Corp. was founded in 1995 and is headquartered in New York, New York.

CAS Medical Systems, Inc. (NASDAQ: CASM), together with its subsidiary, Statcorp, Inc., develops, manufactures, and distributes diagnostic equipment and medical products for use in the healthcare and medical industry in the United States and internationally. The company offers critical care monitoring products, including FORE-SIGHT cerebral oximeter monitors, sensors, and accessories; and bedside monitoring products, such as vital signs monitors, and accessories incorporating various combinations of measurement parameters for human and veterinary use. It also provides blood pressure measurement technology products that consist of non-invasive blood pressure technology, and blood pressure cuffs and accessories for the original equipment manufacturers market. In addition, the company offers blood pressure cuffs, such as UltraCheck and Tuff-cuff Reusable cuffs, and SoftCheck and Safe-Cuff Disposable cuffs, which are used on patients from neonate through adult, as well as on veterinary patients; and Unifusor line of infusor cuffs that are used to infuse intra-venous fluids into a patient. Further, it provides neonatal supplies comprising Klear-Trace ECG electrodes, NeoGuard skin temperature probes and adhesive reflectors, and SoftCheck neonatal blood pressure cuffs. CAS Medical Systems markets its products through its own sales force, distributors, and manufacturera�s representatives, as well as through hospital, alternate site, homecare, veterinary, and emergency medical distribution channels. The company was founded in 1984 and is based in Branford, Connecticut.

Microvision, Inc. (NASDAQ: MVSN) engages in the development of miniature display and imaging engines based on its integrated photonics module technology platform. Its technology platform combines bi-axial/two dimensional micro-electrical mechanical system light scanning technologies, lasers, optics, and electronics with its system controls to create a video or still image from a small form factor device. The companya�s products include Pico projector displays for portable hand-held devices, including mobile phones, as well as accessory devices that connect to a mobile video source, such as a personal media player, cell phone, or laptop computer. Its products also include vehicle/automotive head-up display for driver safety that reduces the distraction of looking away from the road to read information, such as GPS mapping images, audio controls, and other automobile instrumentation. In addition, the companya�s products include near-eye wearable display platform to provide personal viewing of information that originates from a mobile device and arrives at the display through a wired or wireless connection. Further, its products include ROV hand held bar code scanners to accommodate mobile workers with the data collection solutions on the mobile platforms of their choosing, as well as bar code scanner enabled enterprise solutions. The company, based on its light scanning technologies, also develops and produces prototype and demonstration units for commercial customers and the United States government. It serves customers in the consumer, automotive, defense, industrial, and medical markets. Microvision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.

bebe stores, inc. (NASDAQ: BEBE) engages in the design, development, and production of womena�s apparel and accessories. Its products include a range of separates, tops, dresses, active wear, and accessories in career, evening, casual, and active lifestyle categories. The company markets its products under the bebe, COLLECTION bebe, BEBE SPORT, bbsp, bebe O, and 2b bebe brand names primarily through retail stores. As of July 5, 2008, bebe stores, inc. operated 303 specialty retail stores, including 212 bebe stores, 63 BEBE SPORT stores, 20 bebe outlet stores, 7 2b bebe stores, and an on-line store at www.bebe.com in the United States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and Canada. It also markets its products through its online store at bebe.com, and through its 21 international licensee operated stores. The company was founded in 1976 and is headquartered in Brisbane, 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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