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GE, ABX, AUO, MOT, BSX, EK With Highest Daily Short Volume On NYSE Tuesday

^{Published on 2009-09-02 08:01:56, Last Modified on 2010-12-22 14:42:36 - 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 the highest daily short volume yesterday. General Electric (NYSE: GE), Barrick Gold Corp (NYSE: ABX), AU Optronics (NYSE: AUO), Motorola (NYSE: MOT), Boston Scientific (NYSE: BSX) and Eastman Kodak (NYSE: EK). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090901 GE 4,014,197 7,703,865 P 52.11%

20090901 ABX 1,492,536 2,518,269 P 59.27%

20090901 AUO 1,417,313 2,112,934 P 67.08%

20090901 MOT 1,317,531 3,608,238 P 36.51%

20090901 BSX 1,305,027 2,315,186 P 56.37%

20090901 EK 1,301,571 2,129,481 P 61.12%

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.

General Electric Company (NYSE: GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aeroderivative turbines; generators; and combined cycle systems, as well as provides water treatment services and equipment. This segment also sells surface and subsea drilling and production systems, floating production platform equipment, compressors, turbines, turboexpanders, and high pressure reactors to national, international, and independent oil and gas companies; and offers equipment overhauls and upgrades, pipeline inspection and integrity services, remote diagnostic and monitoring, and contractual service agreements. The companya�s Technology Infrastructure segment manufactures jet engines, aerospace systems and equipment, and its replacement parts, as well as provides repair and maintenance services for commercial aircraft; military aircraft, including fighters, bombers, tankers, and helicopters; marine applications; and executive and regional aircraft. This segment also produces healthcare products, including diagnostic imaging systems; offers transportation products and maintenance services; provides enterprise solutions using sensors for temperature, pressure, moisture, gas and flow rate, as well as non-destructive testing inspection equipment. GEa�s NBC Universal segment engages in the production and distribution of films and television programs; operation of television stations and cable/satellite television networks, as well as theme parks. The companya�s Capital Finance segment offers loans, leases, and other financial services to customers, including manufacturers, distributors, and end-users of equipment and major capital assets. Its Consumer & Industrial segment produces various house hold appliances, lighting products, and electrical equipment and control products, as well as provides related services. The company was founded in 1892 and is based in Fairfield, Connecticut.

Barrick Gold Corporation (NYSE: ABX) primarily engages in the exploration, development, production, and sale of gold worldwide. It also produces copper and silver; holds interests in a platinum group metals development project and a nickel development project; and has interests in oil and gas properties. The company was founded in 1983 and is based in Toronto, Canada.

AU Optronics Corp. (NYSE: AUO) engages in the design, development, manufacture, assembly, and marketing of thin film transistor liquid crystal display (TFT-LCD) panels and other flat panel displays. The company's TFT-LCD panels are used in computer products, such as notebook computers and desktop monitors; consumer electronics products comprising mobile phones, digital photo frames, digital still cameras, portable navigation display, portable digital versatile disk players, digital camcorders, automobile display, and amusement and printer displays; and LCD televisions and industrial displays. It sells its panels principally to original equipment manufacturing service providers in Taiwan, the Peoplea�s Republic of China, and internationally. The company was formerly known as Acer Display Technology, Inc. and changed its name to AU Optronics Corp. in May 2001. AU Optronics Corp. was founded in 1996 and is based in Hsinchu, Taiwan.

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.

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.

Eastman Kodak Company (NYSE: EK) provides imaging technology products and services to the photographic and graphic communications markets worldwide. It operates in three business segments: Consumer Digital Imaging Group (CDG); Film, Photofinishing, and Entertainment Group (FPEG); and Graphic Communications Group (GCG). The CDG segment offers consumer digital products that include digital still and video cameras, digital picture frames, imaging accessory products, and snapshot printers and printer media; retail kiosks and consumables, consumer and retailer software workflows, remote business monitoring, retail store merchandising and identity programs, and after sale service and support; imaging sensors; and all-in-one inkjet printers. This segment also provides online merchandise and sharing services. The FPEG segment comprises traditional photographic products and services used for consumer, professional, and industrial imaging applications, as well as those products and services used in the creation of motion pictures. It manufactures and markets films (motion picture, consumer, professional, industrial, and aerial), and one-time-use cameras. The GCG segment digital and traditional prepress equipment and consumables, including plates, chemistry, and media; workflow software and digital controller development; color, and black and white electrophotographic equipment and consumables; commercial inkjet printing systems; wide-format inkjet inks and media; production and workgroup document scanners; and micrographic peripherals and media. It also provides imaging services; and maintenance and professional services for other manufacturers' products. This segment serves various customers in the creative, in-plant, data center, commercial printing, packaging, newspaper, and digital service bureau market segments. Eastman Kodak Company has collaboration with Pitney Bowes for imaging and workflow solutions. The company was founded in 1880 and is headquartered in Rochester, 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.

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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