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SEPR, DRYS, AAPL, JBLU, SCHW, LEAP With Highest Daily Short Volume On NASDAQ Wednesday

^{Published on 2009-09-03 09:19:18, Last Modified on 2010-12-22 14:42:51 - WOPRAI}
 

September 3, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Wednesday, September 2nd, 2009 and come to the following statistical conclusions. There were 5,648 stocks with daily short volume reported and total NASDAQ trading volume of 1,533,451,710 shares. Total Daily Short Volume was 759,542,750 shares. 49.53% of all trading on the NASDAQ Wednesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Sepracor (NASDAQ: SEPR), DryShips (NASDAQ: DRYS), Apple Computer (NASDAQ: AAPL), JetBlue Airways (NASDAQ: JBLU), Charles Schwab (NASDAQ: SCHW) and Leap Wireless (NASDAQ: LEAP). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090902 SEPR 2,611,501 5,929,738 Q 44.04%

20090902 DRYS 2,401,214 3,848,484 Q 62.39%

20090902 AAPL 2,006,948 4,208,936 Q 47.68%

20090902 JBLU 1,742,268 2,653,429 Q 65.66%

20090902 SCHW 1,619,707 3,061,942 Q 52.90%

20090902 LEAP 1,429,002 2,533,238 Q 56.41%

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.

Sepracor Inc. (NASDAQ: SEPR), a research-based pharmaceutical company, engages in the discovery, development, and commercialization of pharmaceutical products. The companyais marketed products primarily include LUNESTA (eszopiclone), a non-benzodiazepine sedative hypnotic for the treatment of insomnia in adults; XOPENEX (levalbuterol HCl) Inhalation Solution, a short-acting bronchodilator for the treatment or prevention of bronchospasm in patients six years of age and older with reversible obstructive airway disease; XOPENEX HFA (levalbuterol tartrate) Inhalation Aerosol, a hydrofluoroalkane (HFA) metered-dose inhaler (MDI) for the treatment or prevention of bronchospasm in adults, adolescents, and children four years of age and older with reversible obstructive airway disease; and BROVANA (arformoterol tartrate) Inhalation Solution, a maintenance treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease, including chronic bronchitis and emphysema. It also markets OMNARIS (ciclesonide) Nasal Spray, an intranasal formulation of ciclesonide for the treatment of nasal symptoms associated with seasonal allergic rhinitis in adults and children six years of age and older, and with perennial allergic rhinitis in adults and adolescents 12 years of age and older; and ALVESCO (ciclesonide) HFA Inhalation Aerosol, an inhaled corticosteroid in an HFA MDI formulation for the maintenance treatment of asthma as prophylactic therapy in adult and adolescent patients 12 years of age and older. Sepracor markets its products to primary care physicians, allergists, pulmonologists, pediatricians, hospitals, psychiatrists, and sleep specialists in the United States. The company was founded in 1984 and is headquartered in Marlborough, Massachusetts.

DryShips, Inc. (NASDAQ: DRYS) engages in the ownership and operation of drybulk carriers that operate worldwide. The companys fleet carries various drybulk commodities, including coal, iron ore, grains, bauxite, phosphate, fertilizers, and steel products. As of August 10, 2009, it owned a fleet of 41 drybulk carriers comprising 7 Capesize, 29 Panamax, 2 Supramax, and 3 newbuilding drybulk vessels with a combined deadweight tonnage of approximately 3.6 million tons, as well as 2 ultra deep water semisubmersible drilling rigs and 4 ultra deep water newbuilding drillships. The company was founded in 2004 and is based in Athens, Greece.

Apple Inc. (NASDAQ: AAPL) and its wholly owned subsidiaries design, manufacture, and market personal computers, portable digital music players, and mobile communication devices, and sell various related software, services, peripherals, and networking solutions. The company sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers. In addition, it sells various third-party Macintosh, iPod, and iPhone compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores, and digital content through the iTunes Store. The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative customers. As of December 27, 2008, it had 251 retail stores. Apple Inc., formerly known as Apple Computer, Inc., was founded in 1976. The company is headquartered in Cupertino, California.

JetBlue Airways Corporation (NASDAQ: JBLU) provides passenger air transportation services in the United States. As of December 31, 2008, it operated approximately 600 daily flights serving 52 destinations in 19 states, Puerto Rico, Mexico, the Caribbean, and Latin America with a focus on Boston, Fort Lauderdale, Los Angeles/Long Beach, New York/JFK, or Orlando; and a fleet of 107 Airbus A320 aircraft and 35 EMBRAER 190 aircraft. The company, through its subsidiary LiveTV, LLC, also provides in-flight entertainment systems, voice communication, and data connectivity services for commercial aircraft and general aviation aircraft, including live in-seat satellite television, XM satellite radio service, wireless aircraft data communication service, and cabin surveillance systems. JetBlue Airways Corporation was founded in 1998 and is based in Forest Hills, New York.

The Charles Schwab Corporation (NASDAQ: SCHW) provides securities brokerage, banking, and related financial services to individual, institutional, and corporate clients. The companyais Investor Services segment offers retail brokerage and banking services to individual investors. It provides research, analytic tools, performance reports, market analysis, and educational material. The Charles Schwabais Advisor Services segment provides custodial, trading, technology, practice management, trust asset, and other support services to independent investment advisors through sales force and service team. The companyais Corporate and Retirement Services segment offers retirement plan services, plan administrator services, advice services, education, stock plan services, and mutual fund clearing services; and supports the availability of Schwab proprietary mutual funds on third-party platforms. The Charles Schwab Corporationais product line comprises various asset management accounts, including some with check-writing features, debit card, and bill pay; individual retirement accounts; retirement plans for small to large businesses; 529 college savings accounts; separately managed accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, as well as access to fixed income securities and equity and debt offerings. It also offers first mortgages, home equity lines of credit, pledged-asset loans, certificates of deposit, demand deposit accounts, high-yield investor checking accounts linked to brokerage accounts, and credit cards; trust custody services, personal trust reporting services, and administrative trustee services; and third-party mutual funds, and mutual fund trading and clearing services to broker-dealers. The company was founded in 1971 and is headquartered in San Francisco, California.

Leap Wireless International, Inc. (NASDAQ: LEAP), together with its subsidiaries, provides digital wireless services under the Cricket brand name in the United States. The company offers unlimited local and the U.S. long distance services from Cricket service area, and multiple calling features and messaging services, as well as unlimited mobile Web access and directory assistance. It also provides a basic service plan that allows customers to make unlimited calls within their Cricket service area and receive unlimited calls from any area. In addition, the company offers roaming service packages; pre-purchase services, including additional directory assistance calls, domestic and international long distance, ring tones, short message service, and text messaging to wireless users; and applications comprising customized ring tones, wallpapers, photos, greeting cards, games, and news and entertainment message deliveries on a prepaid basis. It markets its Cricket handsets and services, primarily through company-owned retail locations and kiosks, as well as through authorized dealers and distributors, including premier dealers, local market authorized dealers, national retail chains, and other indirect distributors. As of December 31, 2008, the company offered services in 30 states to approximately 3.8 million customers. Leap Wireless International, Inc. was founded in 1998 and is headquartered in San Diego, California.

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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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