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BJS, BHI, ACN, DIS, SVA, PBR With Highest Daily Short Volume On NYSE Yesterday


Published on 2009-08-31 15:26:01, Last Modified on 2010-12-22 14:42:22 - WOPRAI
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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 the highest daily short volume yesterday. BJ Services (NYSE: BJS), Baker Hughes (NYSE: BHI), Accenture (NYSE: ACN), Walt Disney (NYSE: DIS), Sinovac Biotech (AMEX: SVA) and Petroleo Brasileiro (NYSE: PBR). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090831 BJS 5,824,011 16,434,035 P 35.44%

20090831 BHI 2,150,354 3,643,639 P 59.02%

20090831 ACN 1,781,150 3,424,640 P 52.01%

20090831 DIS 1,688,867 3,724,300 P 45.35%

20090831 SVA 1,551,578 3,795,327 P 40.88%

20090831 PBR 1,213,455 3,870,871 P 31.35%

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.

BJ Services Company (NYSE: BJS) provides pressure pumping and oilfield services for the petroleum industry in the United States and internationally. It primarily offers pressure pumping services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore to independent oil and natural gas producing companies, as well as oil companies. The companya�s pressure pumping services comprise cementing services, as well as stimulation services that include fracturing, acidizing, sand control, nitrogen services, coiled tubing, and service tools. BJ Services Company also offers oilfield services, such as casing and tubular services that comprise installing or running casing and production tubing into a wellbore; process and pipeline services, including oil and natural gas production, refineries, and gas and petrochemical plants; chemical services; completion tools; and completion fluids services consisting of filtration and reclamation. The company was founded in 1872 and is based in Houston, Texas.

Baker Hughes Incorporated (NYSE: BHI) supplies wellbore related products and technology services, and systems for drilling, formation evaluation, completion and production, and reservoir technology and consulting to the oil and natural gas industry worldwide. It operates in two segments, Drilling and Evaluation, and Completion and Production. The Drilling and Evaluation segment provides products and services used to drill and evaluate oil and natural gas wells. It provides drilling and completion fluids, and fluids environmental services; Tricone roller cone bits and fixed-cutter polycrystalline diamond compact bits; directional drilling services; measurement-while-drilling and logging-while-drilling services; wireline formation evaluation, and completion and production services; and reservoir technology and consulting services. The Completion and Production segment provides products and services used in the completion and production phase of oil and natural gas wells. It primarily offers wellbore construction, cased-hole completions, sand control, and wellbore intervention solutions. This segment also offers oilfield chemical programs for drilling, well stimulation, production, pipeline transportation, and maintenance programs; various process and water treatment programs, and finished fuel additives for the refining industry; and a range of products and services for the pipeline transportation industry. In addition, it provides electrical submersible pump systems and progressing cavity pump systems, as well as permanent monitoring systems and chemical automation systems. Baker Hughes offers its products primarily through its sales organizations, as well as through independent distributors, agents, licensees, or sales representatives. The company was founded in 1972 and is headquartered in Houston, Texas.

Accenture, Ltd. (NYSE: ACN) operates as a management consulting, technology services, and outsourcing company. Its management consulting services include customer relationship management; finance and performance management, which offers financial transaction processing, risk management, and business performance reporting solutions; talent and organization performance that assists clients on talent management, workforce, and organizational issues; process and innovation performance, which helps clients in operational and innovation performance, and growth; strategy service line that helps clients turn insights into results; and supply chain management. The company also provides various system integration and technology consulting services, such as enterprise solutions and enterprise resource planning, industry and functional solutions, information management services, service-oriented architecture, custom solutions, software as a service, mobility solutions, and Microsoft solutions, as well as, IT strategy and transformation, enterprise architecture, infrastructure and security consulting, application portfolio optimization and renewal, research and development, and digital solutions. In addition, Accenture offers application outsourcing services comprising application testing, application management of enterprise-wide software programs and capacity services, application enhancement and development, and application portfolio rationalization and consolidation; infrastructure outsourcing services, including IT spend management, data center, service desk, security and network, and workplace services; and business process outsourcing services in the areas of finance and accounting, human resources, learning, procurement, and customer contact. It primarily serves the communications, electronics, high technology, media, and entertainment industries in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1995 and is based in Dublin, Ireland.

The Walt Disney Company (NYSE: DIS) operates as a diversified entertainment company worldwide. The companys Media Networks segment comprises domestic broadcast television network, television production and distribution operations, domestic television stations, cable/satellite networks, domestic broadcast radio networks and stations, and the Internet and mobile operations. It operates the ABC Television Network and 10 owned television stations, the ESPN Radio and Radio Disney networks, and 46 owned radio stations. This segment also produces, licenses, and distributes cable and animated television programming; and operates ABC-, ESPN-, ABC Family-, SOAPnet-, and Disney-branded Internet Web site businesses, as well as Club Penguin, an online virtual world for kids. The companya�s Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida that includes theme parks; hotels; vacation ownership units; a retail, dining, and entertainment complex; a sports complex; conference centers; campgrounds; golf courses; and water parks. This segment also owns and operates Disneyland Resort in California, Disney Vacation Club, Disney Cruise Line, and ESPN Zone facilities; manages Disneyland Resort Paris and Hong Kong Disneyland Resort; licenses the operations of the Tokyo Disney Resort in Japan; and designs and develops new theme park concepts, attractions, and resort properties. Its Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video programming, musical recordings, and live stage plays. The companya�s Consumer Products segment licenses Disney characters, and visual and literary properties to manufacturers, retailers, show promoters, and publishers; and publishes books and magazines, computer software, and video game products. This segment markets its products through its own and licensed retail stores, and through a Web site. The Walt Disney was founded in 1923 and is based in Burbank, California.

Sinovac Biotech Ltd. (AMEX: SVA), a biopharmaceutical company, focuses on the research, development, manufacturing, and commercialization of vaccines that protect against human infectious diseases in China. Its portfolio of regulatory-approved products consists of vaccines against the hepatitis A, hepatitis B and influenza viruses. The company offers Healive, an inactivated hepatitis A vaccine; Bilive, a combination hepatitis A and B vaccine; Anflu, a split virus influenza vaccine; and Panflu, a vaccine against the H5N1 influenza virus. The companya�s pipeline vaccine candidates in the pre-clinical and clinical development phases include human vaccines for Enterovirus 71, Japanese encephalitis virus, and rabies; a vaccine for the SARS virus, which completed Phase I clinical trial; animal rabies vaccine; and a split viron vaccine for the H5N1 influenza virus, which completed Phase II clinical trial. It markets and sells its vaccine products primarily through various provincial and municipal centers for disease control and prevention. Sinovac Biotech Ltd. was founded in 1999 and is headquartered in Beijing, the Peoplea�s Republic of China.

Petroleo Brasileiro S.A. (NYSE: PBR) was incorporated in 1953. It was formed to conduct the Brazilian government's hydrocarbon activities. It began operations in 1954 and for approximately forty years carried out crude oil and natural gas production and refining activities in Brazil on behalf of the government. It is an integrated oil and gas company in Brazil and in Latin America who is the supplier of crude oil and oil products. In Latin America, its operations extend from exploration and production to refining, marketing, retail services and natural gas pipelines. In North America, it produces oil and gas and has refining operations in the United States. In Africa, it produces oil in Angola and Nigeria, and in Asia, it has refining operations in Japan. In other countries, it is engaged only in oil and gas exploration. Its activities comprise five business segments: Exploration and Production: oil and gas exploration, development and production in Brazil Supply: downstream activities in Brazil, including refining, oil products and crude oil exports and imports, petrochemicals and fertilizers Distribution: distribution of oil products to wholesalers and through its a'BR' retail network in Brazil Gas and Energy: gas transmission and distribution, electric power generation using natural gas and renewable energy sources and biofuels operations in Brazil and International: exploration and production, supply (downstream activities including refining, petrochemicals and fertilizers), distribution and natural gas and energy operations outside of Brazil. The Company conducts exploration, development and production activities in Brazil through concession contracts, which it obtains through participation in bid rounds conducted by the ANP. Its domestic oil and gas exploration and production efforts are mainly focused on three basins offshore in Southeastern Brazil: Campos, Espirito Santo and Santos. It produces hydrocarbons and hold exploration acreage in eight other basins in Brazil. Its petrochemicals operations provide a growing market for the crude oil and other hydrocarbons it produces increase its value added and provide domestic sources for products that would otherwise be imported. Its natural gas business comprises three activities: transportation (building and operating natural gas pipeline networks in Brazil) equity participation in distribution companies that sell natural gas to end-users and commercialization (purchase and resale). PifCo was incorporated in order to facilitate and finance the import of crude oil and oil products by the Company into Brazil, and has been its wholly owned subsidiary since 2000. Under Brazilian law, the Brazilian government owns all crude oil and natural gas reserves in Brazil.

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