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52.71% Of All NASDAQ BX Trading Monday Was Short Selling. MXIM, BSX, CSCO, RFMD, AMD, CBL Highest % Of Daily Trading Volume Sh

^{Published on 2009-09-01 07:47:02, Last Modified on 2010-12-22 14:42:30 - WOPRAI}
 

September 1, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ BX Daily Short Volume Report for Monday, August 31st, 2009 and come to the following statistical conclusions. There were 2,927 stocks with daily short volume reported and total NASDAQ BX trading volume of 310,400,234 shares. Total Daily Short Volume was 163,626,854 shares. 52.71% of all trading on the NASDAQ BX 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. Maxim Integrated Products (NASDAQ: MXIM), Boston Scientific (NYSE: BSX), Cisco Systems (NASDAQ: CSCO), RF Micro Devices (NASDAQ: RFMD), Advanced Micro Devices (NYSE: AMD) and CBL and Associates Properties (NYSE: CBL). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090831 MXIM 83,546 102,445 B 81.55%

20090831 BSX 452,035 563,291 B 80.25%

20090831 CSCO 1,187,187 1,546,965 B 76.74%

20090831 RFMD 107,883 147,806 B 72.99%

20090831 AMD 742,056 1,032,029 B 71.90%

20090831 CBL 172,134 243,766 B 70.61%

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.

Maxim Integrated Products, Inc. (NASDAQ: MXIM) engages in the design, development, manufacture, and marketing of various linear and mixed-signal integrated circuits/analog circuits worldwide. It also offers a range of high-frequency design processes and capabilities that could be used in custom designs. The company primarily serves industrial, communications, consumer, and computing markets. It markets its products through a direct-sales and applications organization, as well as through its own and other unaffiliated distribution channels. The company was founded in 1983 and is headquartered in Sunnyvale, California.

Boston Scientific Corporation (NYSE: BSX) operates as a developer, manufacturer, and marketer of medical devices used in various interventional medical specialties worldwide. Its products help physicians and other medical professionals improve the patientsa� quality of life by providing alternatives to surgery. The companya�s cardiovascular group consists of drug-eluting and bare-metal stents, coronary revascularization products, Intraluminal ultrasound imaging catheters and systems, Embolic protection system, peripheral and neurovascular interventions, electrophysiology devices, and cardiac rhythm management devices. This groupa�s products are used to treat cardiovascular, peripheral vascular and neurovascular diseases, cardiac arrhythmias, and neuro and aortic aneurysms. Its endosurgery group includes esophageal, gastric, and duodenal intervention products; colorectal, pancreatico-biliary, and pulmonary intervention devices; and products for urinary tract intervention and bladder disease, prostate intervention, pelvic floor reconstruction and urinary incontinence, and gynecology. This groupa�s products are used for the treatment of gastrointestinal diseases, esophagitis, portal hypertension, peptic ulcers, esophageal cancer, polyps, inflammatory bowel disease, diverticulitis, colon cancer, and benign prostatic hyperplasia. The companya�s neuromodulation group comprises Precision Spinal Cord Stimulation system for the treatment of chronic pain of the lower back and legs. Its cardiac rhythm management group offers implantable devices used to treat cardiac arrhythmias and heart failure. Boston Scientific Corporation markets its products through direct sales force, and a network of distributors and dealers. The company was founded in 1979 and is headquartered in Natick, Massachusetts with additional offices in Tokyo, Japan and Paris, France.

Cisco Systems, Inc. (NASDAQ: CSCO) designs, manufactures, and sells Internet Protocol (IP)-based networking and other products relating to the communications and information technology industry worldwide. The company offers routers that interconnect IP networks and moving information between networks; switching systems, which provide connectivity to end users, workstations, and servers; application networking solutions; home networking products, such as voice and data modems, network cards, media adapters, Internet video cameras, network storage, and USB adapters; and Cisco security solutions to protect information systems. It also provides storage area networking products that deliver connectivity between servers and storage systems; unified communication products, which integrate voice, video, data, and mobile applications on fixed and mobile networks; video systems, including digital set-top boxes and digital media technology products; and in-building and outdoor wireless networking products. Further, the company offers optical networking products, cable access, and service provider VoIP services. It provides its products and services through its direct sales force, systems integrators, service providers, resellers, distributors, and retail partners to large enterprises, public institutions, telecommunications companies, commercial businesses, and personal residences. Cisco Systems has strategic alliances with Accenture, Ltd.; AT&T, Inc.; BearingPoint, Inc.; Cap Gemini S.A.; Dell, Inc.; EMC Corporation; Fujitsu Limited; Hewlett-Packard Company; Intel Corporation; International Business Machines Corporation; Italtel SpA; Microsoft Corporation; Nokia; Nokia Siemens Networks; Oracle Corporation; Siemens AG; Sitronics Telecom Solutions, Czech Republic a.s.; Sprint Nextel Corporation; ThruPoint, Inc.; Wipro Limited; and Tata Consultancy Services, as well as a partnership with NASA. The company was founded in 1984 and is headquartered in San Jose, California.

RF Micro Devices, Inc. (NASDAQ: RFMD) designs and manufactures radio frequency (RF) components and compound semiconductors in the United States and Internationally. The company provides integrated circuits, including gain blocks, low-noise amplifiers, power amplifiers, receivers, transmitters, transceivers, modulators, demodulators, attenuators, frequency synthesizers, and voltage-controlled oscillators. Its multi-chip modules product line comprises power amplifier modules, active antenna products, voltage controlled oscillators, phase-locked loops, coaxial resonator oscillators, active mixers, hybrid amplifiers, power doublers, and optical receivers; and passive components consist of splitters, couplers, mixers, transformers, isolators, and circulators. The companya�s products enable worldwide mobility and provide connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), cable television (CATV)/broadband, and aerospace and defense markets. It serves commercial, industrial, military, aerospace, and other markets in wireless and wired communications applications. RF Micro Devices, Inc. sells its products to original equipment manufacturers and original design manufacturers through a network of sales representative firms and distributors. It has a cooperative agreement with the U.S. Department of Energy's National Renewable Energy Laboratory to develop a compound semiconductor-based process for high-performance photovoltaic cells. The company was founded in 1991 and is headquartered in Greensboro, North Carolina.

Advanced Micro Devices, Inc. (NYSE: AMD), a semiconductor company, provides processing solutions for the computing, graphics, and consumer electronics markets in the United States, Canada, Europe, and Asia. It offers microprocessor products, including servers and workstation microprocessors, notebook microprocessors, and desktop microprocessors; embedded processor products; chipset products, including IGP and discrete chipsets; and graphics products, such as 3D graphics, and video and multimedia products for use in desktop and notebook personal computers (PCs), including home media PCs, professional workstations, and servers, as well as technology for game consoles. The company serves original equipment manufacturers, original design manufacturers, and third-party distributors through direct sales force and independent sales representatives. It has a strategic relationship with StudioGPU. The company was founded in 1969 and is headquartered in Sunnyvale, California.

CBL & Associates Properties, Inc. (NYSE: CBL), a real estate investment trust (REIT), engages in the ownership, development, acquisition, leasing, management, and operation of regional shopping malls and community centers. Its shopping center properties are located primarily in the southeast and Midwest, as well as in other regions of the United States. The company conducts substantially all of its business through CBL & Associates Limited Partnership (partnership). As of June 30, 2005, the partnership owned controlling interests in 65 regional malls, 26 associated centers, and 4 community centers, as well as had noncontrolling interests in 6 regional malls, 2 associated center, and 54 community centers. In addition, CBL & Associates Properties has five mall expansions, two open-air shopping centers, two community centers, and one community center expansion under construction, as of the above date. The company has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its taxable income to shareholders. CBL & Associates Properties has a joint venture with Richard E Jacobs Group, Inc. to own a mall and two shopping centers in Raleigh, N.C. The company was formed by Charles B. Lebovitz in 1978 and is based in Chattanooga, 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 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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