46.65% Of All NYSE Trading Monday Was Short Selling. IPI, ESC, ARW, CBG, ED, LPX Highest % Of Daily Trading Volume Short
September 1, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Monday, August 31st, 2009 and come to the following statistical conclusions. There were 6,416 stocks with daily short volume reported and total NYSE trading volume of 1,070,991,282 shares. Total Daily Short Volume was 499,704,465 shares. 46.65%% of all trading on the NYSE Monday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Intrepid Potash (NYSE: IPI), Emeritus Corp (NYSE: ESC), Arrow Electronics (NYSE: ARW), CB Richard Ellis Group (NYSE: CBG), Consolidated Edison (NYSE: ED) and Louisiana Pacific Corp (NYSE: LPX). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Symbol Short Volume Total Volume Market Percent
20090831 IPI 422,459 490,920 P 86.05%
20090831 ESC 170,223 218,123 P 78.04%
20090831 ARW 87,201 112,795 P 77.31%
20090831 CBG 723,333 984,644 P 73.46%
20090831 ED 146,130 200,637 P 72.83%
20090831 LPX 325,313 458,732 P 70.92%
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.
Intrepid Potash, Inc. (NYSE: IPI), together with its subsidiaries, engages in the production and marketing of muriate of potash or potassium chloride and langbeinite. It also offers by-products, including salt, magnesium chloride, and metal recovery salts. Intrepid serves agricultural, industrial, and feed markets. The company was founded in 2000 and is based in Denver, Colorado.
Emeritus Corporation (NYSE: ESC) provides assisted living, and Alzheimerais and related dementia care services to senior citizens in the United States. It owns and operates assisted living communities that offer residential housing alternative for senior citizens who need assisted living and personal care services. As of December 31, 2008, the company operated 306 communities consisting of approximately 27,000 units with a capacity for approximately 32,000 residents. It also offers management services to independent and related-party owners of assisted living communities. The company was founded in 1993 and is headquartered in Seattle, Washington.
Arrow Electronics, Inc. (NYSE: ARW) distributes a range of electronic components and enterprise computing products, services, and solutions to industrial and commercial users worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment offers semiconductor products and related services. It also provides passive, electromechanical, and interconnect products comprising capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors. The Global Enterprise Computing Solutions segment offers enterprise and midrange computing products, services, and solutions to value-added resellers. It also offers access infrastructure, security, and virtualization software solutions. In addition, the company provides materials planning, design services, programming and assembly services, inventory management, and a suite of online supply chain tools. Its customers include the manufacturers of consumer and industrial equipment, telecommunication products, automotive and transportation, aircraft and aerospace equipment, scientific and medical devices, and computer and office products. Arrow Electronics serves as a supply channel partner for approximately 800 suppliers and 130,000 original equipment manufacturers, contract manufacturers, and commercial customers. The company was founded in 1935 and is based in Melville, New York.
CB Richard Ellis Group, Inc. (NYSE: CBG), through its subsidiaries, operates as a commercial real estate services firm worldwide. It provides advisory services, including real estate services, such as strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and acquisition of property; capital market services comprising origination and service of commercial mortgage loans, and investment sales property advisory services; and valuation services consisting of market value appraisals, litigation support, discounted cash flow analyses, and feasibility and fairness opinions. The company also offers outsourcing services, including a suite of services comprising transaction management, project management, facilities management, strategic consulting, portfolio management, and other services to global corporations, health care institutions, and public sector entities with real estate portfolios. In addition, its outsourcing services consist of asset services, such as property management, construction management, marketing, leasing, accounting, and financial services for income-producing office, industrial, and retail properties owned by local, regional, and institutional investors. Further, the company provides investment management services to pension plans, foundations, endowments, and other organizations investing in real estate. Additionally, it offers development services that include site identification, due diligence, and acquisition; evaluating project feasibility, budgeting, scheduling, and cash flow analysis; procurement of approvals and permits comprising zoning and other entitlements; project finance advisory services; coordination of project design and engineering; construction bidding and management, and tenant finish coordination; and project close-out and tenant move coordination. The company, formerly known as CBRE Holding, Inc., was founded in 1906 and is based in Los Angeles, California.
Consolidated Edison, Inc. (NYSE: ED), through its subsidiaries, provides electric, gas, and steam utility services in the United States. It provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County, as well as provides steam service to office buildings, apartment houses, and hospitals in parts of Manhattan. The company also provides electric service to approximately 0.3 million customers in southeastern New York and adjacent areas of northern New Jersey and eastern Pennsylvania, and gas service to approximately 0.1 million customers in southeastern New York and adjacent areas of eastern Pennsylvania. In addition, Consolidated Edison owns, leases, or operates generating plants and participates in other infrastructure projects; sells electricity directly to delivery-service customers of utilities primarily in the northeast and Mid-Atlantic regions; and provides energy-efficiency services, including the design and installation of lighting retrofits, high-efficiency heating, ventilating and air conditioning equipment, and other energy saving technologies to government and commercial customers. It serves residential, industrial, and large commercial customers. The company was founded in 1884 and is based in New York, New York.
Louisiana-Pacific Corporation (NYSE: LPX), together with its subsidiaries, engages in manufacturing and distributing building products for new home construction, repair and remodeling, manufactured housing, and light industrial and commercial construction. The company operates in three segments: Oriented Strand Board, Siding, and Engineered Wood Products. The Oriented Strand Board segment provides structural panel products, such as plywood, including roof decking, sidewall sheathing, and floor underlayment. The Siding segment offers SmartSide siding products and related accessories, including wood-based sidings, trim, soffit, and fascia; and Canexel siding and accessory products comprising pre-finished lap, panel, and trim products. The Engineered Wood Products segment offers I-joists and laminated veneer lumber, and other related products for residential and commercial flooring and roofing systems, headers and beams, and other structural applications. In addition, the company provides decorative molding, cellulose insulation, and timber and timberlands. The company offers its products to retail home centers, manufactured housing producers, distributors, wholesalers, and building materials dealers in North America, South America, Asia, and Europe. The company was founded in 1972 and is headquartered in Nashville, Tennessee.
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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 monthais 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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