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PCS, MOT, AA, T, LEN, MBI With Highest Daily Short Volume On NASDAQ BX Yesterday

^{Published on 2009-08-30 14:24:12, Last Modified on 2010-12-22 14:42:13 - WOPRAI}
 

August 31, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ BX Daily Short Volume Report for Friday, August 28th, 2009 and come to the following statistical conclusions. There were 2,863 stocks with daily short volume reported and total NASDAQ BX trading volume of 320,780,305 shares. Total Daily Short Volume was 176,138,445 shares. 54.91% of all trading on the NASDAQ BX Friday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. MetroPCS Communications (NYSE: PCS), Motorola (NYSE: MOT), Alcoa (NYSE: AA), AT and T (NYSE: T), Lennar Corp (NYSE: LEN) and MBIA (NYSE: MBI). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090828 PCS 766,880 1,137,199 B 67.44%

20090828 MOT 535,186 1,436,156 B 37.27%

20090828 AA 535,119 1,118,212 B 47.85%

20090828 T 479,429 1,065,585 B 44.99%

20090828 LEN 452,357 691,311 B 65.43%

20090828 MBI 403,402 717,962 B 56.19%

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 exchangesai 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.

MetroPCS Communications, Inc. (NYSE: PCS), a wireless telecommunications carrier, offers wireless broadband mobile services in the United States. The companyais services comprise voice services that allow customers to place voice calls to, and receive calls from, any telephone in the world, including local, domestic long distance, and international calls; data services, such as ringtones, ring back tones, games and content applications, text and multimedia messaging services, mobile Internet browsing, mobile instant messaging, location based services, social networking services, and push e-mail; and custom calling features consisting of caller ID, call waiting, three-way calling, and voicemail. It also sells mobile handsets. The company sells its products and services, under the MetroPCS brand name, directly through company-operated retail stores and indirectly through independent retail outlets, as well as through Internet. As of December 31, 2008, it operated approximately 127 retail stores in the metropolitan areas of Atlanta, Dallas/Ft. Worth, Detroit, Las Vegas, Los Angeles, Miami, Orlando/Jacksonville, Philadelphia, San Francisco, Sacramento, and Tampa/Sarasota. The company was founded in 1994 and is headquartered in Richardson, Texas.

Motorola, Inc. (NYSE: MOT) offers technologies, products, and services for mobile communications worldwide. It operates in three segments: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. The Mobile Devices segment designs, manufactures, sells, and services wireless handsets with integrated software and accessory products, as well as licenses intellectual property. The Home and Networks Mobility segment designs, manufactures, sells, installs, and services digital video, Internet Protocol video, and broadcast network interactive set-tops; end-to-end video delivery solutions, broadband access infrastructure systems, and associated data and voice customer premise equipment to cable television and telecom service providers; and wireless access systems, including cellular infrastructure systems and wireless broadband systems to wireless service providers. It also provides end-to-end cellular networks, including radio base stations, base station controllers, associated software and services, application platforms, and third-party switching for CDMA, GSM, iDEN, and UMTS technologies; and a portfolio of WiMAX products to create mobile IP broadband access. The Enterprise Mobility Solutions segment designs, manufactures, sells, installs, and services analog and digital two-way radio, voice, and data communication products and systems for private networks, wireless broadband systems, and end-to-end enterprise mobility solutions to a range of enterprise markets, including government and public safety agencies, as well as retail, energy, utility, transportation, manufacturing, healthcare, and other commercial customers. Motorola, Inc. markets its products and services through direct sales, distributors, dealers, retailers, and licensees. The company was founded in 1928 and is based in Schaumburg, Illinois.

Alcoa Inc. (NYSE: AA) engages in the production and management of primary aluminum, fabricated aluminum, and alumina worldwide. It involves in the technology, mining, refining, smelting, fabricating, and recycling of aluminum. The companyais products include precision castings, and aerospace and industrial fasteners. Alcoa offers flat-rolled products, such as sheet and plate, foil products, and can reclamations; extruded and end products, including extrusion and architectural products; auto engineering products; and automotive components. Its products are used in aircraft, automobiles, commercial transportation, building and construction, oil and gas, defense, and industrial applications. The company has bauxite mining interests in Australia, Brazil, Guinea, Jamaica, and Suriname. It has a collaboration agreement with CIMC Vehicle (Shandong) Co. Ltd. to design and develop an aluminum fuel tanker trailer for the Asian market; and a strategic cooperation agreement with the Peoples Government of Henan Province in China to jointly establish projects for the fabricated and primary aluminum industry. Alcoa was founded in 1888 and is based in New York, New York.

AT&T Inc. (NYSE: T) operates as a communications holding company. Its subsidiaries and affiliates provide the AT&T brand services in the United States and internationally. The companys Wireless segment offers wireless voice communications services, including local wireless communications, long-distance, and roaming services with various postpaid and prepaid service plans. This segment also supplies various handsets and personal computer wireless data cards, as well as accessories. Its Wireline segment offers voice services, including local and long-distance services, calling card, 1-800 services, conference calling, wholesale switched access service, caller ID, call waiting, and voice mail services. This segment also provides data services, such as switched and dedicated transport, Internet access and network integration, and data equipment; high-speed connections comprising private lines, packet, dedicated Internet, and enterprise networking services, as well as DSL/broadband, dial-up Internet access, and WiFi products; businesses voice applications over IP-based networks; and local, interstate, and international wholesale networking capacity to other service providers. In addition, it offers managed Web hosting, application management, security service, integration services, outsourcing, directory and operator assistance services, government-related services, and U-verse television and satellite video services. The companyais Advertising and Publishing segment publishes Yellow and White Pages directories; sells directory and Internet-based advertising; and provides multi-enterprise collaboration services to businesses in various industries, including retail, financial services, manufacturing, healthcare, and telecom. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005 as a result of merger with AT&T Corp. AT&T Inc. was founded in 1983 and is based in Dallas, Texas.

Lennar Corporation (NYSE: LEN) operates as a homebuilder in the United States. It engages in the construction and sale of single-family attached and detached homes, and to a lesser extent multi-level residential buildings, as well as the purchase, development, and sale of residential land. The company also offers various financial services, including mortgage financing; title insurance; closing services; and ancillary services, such as high-speed Internet and cable television. As of November 30, 2008, it owned 74,681 homesites, as well as had access through option contracts to an additional 38,589 homesites. Lennar Corporation serves the customers in Florida, Maryland, New Jersey, Virginia, Arizona, Colorado, Texas, California, Nevada, Illinois, Minnesota, New York, North Carolina, and South Carolina. The company was founded in 1954 and is based in Miami, Florida.

MBIA Inc. (NYSE: MBI) provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers, investors, and capital market participants worldwide. The company operates in two segments, Insurance and Investment Management Services. The Insurance segment issues financial guarantees for municipal bonds, asset-backed and mortgage-backed securities, investor-owned utility bonds, bonds backed by publicly or privately funded public-purpose projects, bonds issued by sovereign and sub-sovereign entities, and bonds backed by other revenue sources, such as corporate franchise revenues. It also insures credit default swaps on structured pools of corporate obligations, residential mortgage-backed securities, and commercial real estate backed securities and loans. The Investment Management Services segment offers asset/liability products; advisory services, including cash management, discretionary asset management, and structured products provided on a fee-for-service basis for public, not-for-profit, corporate, and financial services clients; and conduits provided funding for multiple customers by issuance of commercial paper and medium-term notes. The company was founded in 1973 and is based in Armonk, 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.

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