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48% Of All NYSE Trading Monday Was Short Selling. NBG, CDE, HCP, HBC, TMK, WLL Highest % Of Daily Trading Volume Short

^{Published on 2009-09-02 07:48:25, Last Modified on 2010-12-22 14:42:34 - WOPRAI}
 

September 2, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Tuesday, September 1st, 2009 and come to the following statistical conclusions. There were 6,528 stocks with daily short volume reported and total NYSE trading volume of 1,602,394,037 shares. Total Daily Short Volume was 768,688,709 shares. 48% of all trading on the NYSE Tuesday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. National Bank of Greece (NYSE: NBG), Couer d Alene Mines (NYSE: CDE), HCP Inc. (NYSE: HCP), HSBC Holdings (NYSE: HBC), Torchmark (NYSE: TMK) and Whiting Petroleum (NYSE: WLL). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090901 NBG 115,359 128,792 P 89.57%

20090901 CDE 180,645 234,582 P 77.01%

20090901 HCP 1,032,240 1,442,117 P 71.58%

20090901 HBC 436,765 614,722 P 71.05%

20090901 TMK 163,547 230,708 P 70.89%

20090901 WLL 136,832 193,073 P 70.87%

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.

National Bank of Greece S.A. (NYSE: NBG), together with its subsidiaries, provides diversified financial services primarily in Greece. The company involves in retail and commercial banking, global investment management, investment banking, insurance, investment activities, and securities trading operations. It offers time deposits, savings deposits, demand deposits, current accounts, safe deposit boxes, and foreign currency deposits; investment products and securities trading services; consumer loans, personal loans, automobile loans, overdraft facilities, and mortgage loans; trade financing, and debit and credit cards; and ATMs, mobile banking, and Internet banking services. The company also provides financial and investment advisory services, foreign exchange, custody arrangements, trade finance services, private banking, corporate finance advisory services, underwriting, equity and debt financing, project finance, payment services, and mutual funds, as well as bancassurance, including real estate insurance, payment protection insurance, and life and disability insurance; and investment-saving-retirement insurance products. In addition, it offers currency swaps and options, credit lines, letters of credit, guarantees, and shipping finance services. Further, the company engages in the treasury activities, investment banking, and asset management, as well as leasing, factoring, real estate management, and hotel and warehousing businesses. It serves individuals, professionals, small-medium and small sized companies, and corporate customers. The company also has operations in south east Europe, Turkey, and Africa. As of December 31, 2008, it operated 579 branches, 1 private banking unit, 1 unit for financial institutions, and 10 specialized banking units; and 1,466 ATMs in Greece. The company was founded in 1841 and is headquartered in Athens, Greece.

Coeur d Alene Mines Corporation (NYSE: CDE) and its subsidiaries engage in the operation, ownership, exploration, development, and mining of silver and gold properties located in South America, the United States, Australia, and Mexico. The company also explores for lead and zinc in its properties. It owns interests in the San Bartolome mine located in Bolivia; and the Palmarejo mine located in the Sierra Madre Occidental of northern Mexico. The company also holds interests in the Cerro Bayo mine located in southern Chile and Martha mine located in Santa Cruz, Argentina, as well as owns the Rochester mine, a surface mining operation located in northwestern Nevada. In addition, it holds non-operating interests in the Broken Hill mine and Endeavor mine located in New South Wales, Australia. Further, it owns the Kensington property located north of Juneau, Alaska, as well as conducts exploration activities in Argentina, Chile, and Mexico. The company was founded in 1928 and is based in Coeur daiAlene, Idaho.

Health Care Property Investors, Inc. (NYSE: HCP) operates as a real estate investment trust in the United States. The company, through its subsidiaries and joint ventures, invests in health care-related properties and provides mortgage financing on health care facilities. It acquires health care facilities and leases them to health care providers. As of December 31, 2005, the companyais real estate portfolio, including properties held through joint ventures and mortgage loans, consisted of interests in 527 facilities located in 42 states. Its properties include senior housing facilities, medical office buildings, hospitals, skilled nursing facilities, and other healthcare facilities, including laboratory and office buildings. Health Care Property Investors has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes approximately 90% of its taxable income to its share holders. The company was founded in 1985 and is headquartered in Long Beach, California.

HSBC Holding (NYSE: HBC) The Hongkong and Shanghai Banking Corporation, and, despite its name, it is of Scottish origin.HSBC Holding has been able to establish its place in the sun in the banking and finance sectors. This British institution is one of the major establishments in Great Britain and is one of the abig boysa on the world stage, its presence symbolised by the successive buyouts of the Republic National Bank of New York and more recently CCF (Cridit Commercial de France). It has almost 7000 branches in 81 countries in Europe, the Middle East, Asia and the American continent.Divided into several branches, HSBC Holding offers a broad range of services:Private Banking: private banking, namely asset and wealth management for wealthy individuals.Personal Banking: retail banking, current account services, consumer and property loans, savings, insurance and pensions for private individuals, without forgetting consumer credit, all the more important since the buying of the American company Household, one of the main specialists in the field in the United States, with more than 50 million customers (n3 in credit card, n4 in credit insurance).Commercial banking: commercial banking and financial services for businesses, including financing, factoring and cash management amongst others.Corporate and Institutional Banking: advice to businesses in the fields of mergers and acquisitions, joint ventures and capital-intensive partnerships at the international level. This range of services also includes financing for the afore-mentioned activities.Investment Banking and Markets: investment activity in its own name (on its own account) and trading activity on the world financial markets.Hexagon: on-line banking services.Far from stopping there, HSBC now endevours to acquire the financial services provider (consumer credits, real estate and car) Household International which, with 53 million customers, is the unquestioned leader in its sector in the United States.A challenge often tried but never performed by a European group.

Torchmark Corporation (NYSE: TMK), through its subsidiaries, provides individual life and supplemental health insurance products, and annuities to middle income households. It offers various life insurance products, including traditional and interest sensitive whole-life insurance, term life insurance, and other life insurance. The company also provides various health insurance products, including juvenile and senior life coverage; medicare supplement; supplemental limited-benefit health insurance products that include hospital/surgical plans, cancer, and accident plans sold to individuals under age 65; and medicare supplement and medicare part D prescription drug insurance. In addition, it offers a range of annuity products comprising single-premium deferred annuities, flexible-premium deferred annuities, and variable annuities. Torchmark Corporation sells its products through direct response, exclusive agents, and independent agents in the United States, Canada, and New Zealand. The company was founded in 1900 and is based in McKinney, Texas.

Whiting Petroleum Corporation (NYSE: WLL) engages in the acquisition, development, exploitation, exploration, and production of oil and gas primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast, and Michigan regions of the United States. As of December 31, 2008, its estimated proved reserves were 239.1 million barrels equivalent of oil. The company had interests in 8,871 gross productive wells. Whiting Petroleum Corporation was founded in 1983 and is based in Denver, Colorado.

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