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JAVA, INTC, SIRI, EBAY, ALTR, SBUX With Highest Daily Short Volume On NASDAQ Thursday

^{Published on 2009-09-04 09:06:44, Last Modified on 2010-12-22 14:43:08 - WOPRAI}
 

September 4, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Thursday, September 3rd, 2009 and come to the following statistical conclusions. There were 6,582 stocks with daily short volume reported and total NASDAQ trading volume of 1,435,069,548 shares. Total Daily Short Volume was 709,293,978 shares. 49.42% of all trading on the NASDAQ Thursday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Sun Microsystems (NASDAQ: JAVA), Intel (NASDAQ: INTC), SIRIUS XM Radio (NASDAQ: SIRI), eBay (NASDAQ: EBAY), Altera (NASDAQ: ALTR) and Starbucks (NASDAQ: SBUX). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090903 JAVA 12,000,473 25,952,771 Q 46.24%

20090903 INTC 7,597,272 13,833,002 Q 54.92%

20090903 SIRI 3,403,259 7,018,997 Q 48.49%

20090903 EBAY 2,742,035 5,198,671 Q 52.74%

20090903 ALTR 2,533,980 3,985,747 Q 63.58%

20090903 SBUX 2,123,042 3,718,364 Q 57.10%

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.

Sun Microsystems, Inc. (NASDAQ: SUNW) engages in designing, manufacturing, marketing, and servicing network computing infrastructure solutions worldwide. The company offers a range of scalable servers based on SPARC64, UltraSPARC, AMD Opteron, and Intel Xeon microprocessors for computing environments; desktops; data storage products and services comprising heterogeneous tape, disk, software, networking, and services for mainframe and open systems environments; and various software, including enterprise infrastructure software systems, software desktop systems, developer software, and infrastructure management software, as well as develops and sells silicon-based chips that facilitate networking, cryptography, and computing. In addition, it offers various support services, including technical support, software, firmware updates, online tools, product repair, and maintenance and preventive services for system, storage, and software products; managed services comprising on-site and remote monitoring and management for the components of IT infrastructure, such as operating systems, third-party and custom applications, databases, networks, security, storage, and the Web; professional services consisting of IT assessments, architectural services, implementation services, and consolidation and migration services; and educational services, including training and certification for individuals and teams. The company offers its solutions under the Java technology platform, the Solaris Operating System, the MySQL database management system, Sun StorageTek storage solutions, and the UltraSPARC processor names. Its solutions are used in search, social networking, entertainment, financial service, manufacturing, healthcare, retail, news, energy, and engineering companies. It has strategic alliances and partnerships with Advanced Micro Devices, Inc.; Fujitsu; Intel Corporation; and Hitachi Data Systems. The company was founded in 1982 and is based in Santa Clara, California.

Intel Corporation (NASDAQ: INTC) designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in desktops, nettops, workstations, servers, embedded products, communications products, notebooks, netbooks, mobile Internet devices, and consumer electronics, as well as in embedded designs, such as industrial equipment, point-of-sale systems, panel PCs, automotive information/entertainment systems, and medical equipment. The company also provides chipset products that send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive, and CD or DVD drives; motherboards that has connectors for attaching devices to the bus, and contains the CPU, chipset, memory, and other components used in the desktop, workstation, and server platforms; wired and wireless connectivity products, including network adapters and embedded wireless cards used to translate and transmit data across networks; NAND flash memory products primarily used in digital audio players, memory cards, and system-level applications, such as solid-state drives; communications infrastructure products, including network processors and communications boards; and network and server storage products, as well as software products and services that enable and advance the computing ecosystem. In addition, it offers platforms that include a microprocessor, chipset, and enabling software to incorporate various components and technologies. Intel sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. It has a strategic collaboration with Infraware Inc. for the development of mobile Internet device market, as well as a collaboration agreement with ChileCompra. The company was founded in 1968 and is based in Santa Clara, California.

Sirius XM Radio Inc. (NASDAQ: SIRI) provides satellite radio services in the United States and Canada. The company offers a programming lineup of 117 channels to subscribers, which include 63 channels of commercial-free music and 54 channels of sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; and religious channels. As of December 31, 2008, Sirius XM Radio had 19,003,856 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offers graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Websites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems and products that provide access to the Internet radio services in the home without the personal computer. Sirius XM Radio Inc. was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.

eBay Inc. (NASDAQ: EBAY) and its subsidiaries provide online marketplaces for the sale of goods and services, online payments services, and online communication offerings to individuals and businesses in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Communications. The Marketplaces segment provides online commerce platforms that enable buyers and sellers to interact and trade with one another. It enables online commerce through various platforms, including the traditional eBay.com platform and other online platforms, such as StubHub, Kijiji, Den Bla Avis, Gumtree.com, LoQUo.com, OpusForum, Marktplaats.nl, and mobile.de, as well as Half.com, Rent.com, and Shopping.com. This segment also provides various services, including feedback forum, safe harbor program, verified rights owner program, loyalty programs, customer support, and tools and services. The Payments segment offers PayPal, a payments platform that enables individuals or businesses with an email address to send and receive payments online. Its services include joining the network, verification of its PayPala�s account holders, withdrawing money, and trust and safety programs, including PayPala�s seller protection and buyer protection programs. This segment also provides Bill Me Later, a payment solution, which offers transactional credit at the point of sale for the U.S. online consumers. The Communications segment consists of Skype, an Internet communication product, which enables voice over Internet protocol communications between Skype users, as well as provides Skype users connectivity to traditional fixed-line and mobile telephones. This segment offers its software in approximately 28 languages. The company was founded in 1995 and is headquartered in San Jose, California.

Altera Corporation (NASDAQ: ALTR) designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and associated development tools. Its PLDs consist of field-programmable gate arrays (FPGA) and complex programmable logic devices (CPLD), which are semiconductor integrated circuits manufactured as standard chips that can be programmed to perform logic functions in electronic systems; and HardCopy structured ASIC devices that enable customers to transition from a high-density FPGA to a low-cost non-programmable implementation of design for volume production. The companya�s products primarily include Stratix III and Stratix IV high-end, system-level FPGAs; Cyclone II and Cyclone III low-cost, high-volume FPGAs; Arria GX low-cost, transceiver-equipped FPGAs; MAX non-volatile CPLDs for use used in glue logic functions; and HardCopy and HardCopy II structured ASIC devices. It also offers intellectual property cores that are pre-verified building blocks that execute standard system-level functions in their PLD design; and development tools consisting primarily of the Quartus II software design entry, design compilation, design verification, and device programming. Altera Corporation serves customers primarily in the communications, computer and storage, industrial, and consumer sectors. The company markets its products through a network of distributors, independent sales representatives, and direct sales personnel. It has operations primarily in North America, the Asia Pacific, Europe, and Japan. The company was founded in 1983 and is headquartered in San Jose, California.

Starbucks Corporation (NASDAQ: SBUX) engages in the purchase, roasting, and sale of whole bean coffees worldwide. It offers brewed coffees, Italian-style espresso beverages, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs, through its retail stores. The company also sells and licenses its trademark through other channels. In addition, Starbucks Corporation produces and sells ready-to-drink beverages, which include bottled beverages and espresso drinks, and a line of ice creams. Its brand portfolio includes superpremium Tazo teas, Starbucks Hear Music compact discs, Seattlea�s Best Coffee, and Torrefazione Italia coffee. As of September 30, 2007, the company operated 8,505 retail stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington.

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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.

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