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48.97% Of All NYSE Trading Friday Was Short Selling. LPX, WRB, PAL, CAB, MWW, ED Highest % Of Daily Trading Volume Short

^{Published on 2009-09-08 07:16:46, Last Modified on 2010-12-22 14:43:16 - WOPRAI}
 

September 8, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Friday, September 4th, 2009 and come to the following statistical conclusions. There were 6,326 stocks with daily short volume reported and total NYSE trading volume of 922,532,301 shares. Total Daily Short Volume was 451,788,732 shares. 48.97% of all trading on the NYSE Friday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Louisiana Pacific Corp. (NYSE: LPX), WR Berkeley Corp (NYSE: WRB), North American Palladium (NYSE: PAL), Cabelas (NYSE: CAB), Monster Worldwide (NYSE: MWW) and Consolidated Edison (NYSE: ED). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090904 LPX 483,860 578,948 P 83.58%

20090904 WRB 125,625 155,000 P 81.05%

20090904 PAL 134,246 166,053 P 80.85%

20090904 CAB 102,005 130,352 P 78.25%

20090904 MWW 312,349 405,098 P 77.10%

20090904 ED 119,335 155,443 P 76.77%

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.

Louisiana-Pacific Corporation (NYSE: LPX), together with its subsidiaries, engages in manufacturing and distributing building products for new home construction, repair and remodeling, manufactured housing, and light industrial and commercial construction. The company operates in three segments: Oriented Strand Board, Siding, and Engineered Wood Products. The Oriented Strand Board segment provides structural panel products, such as plywood, including roof decking, sidewall sheathing, and floor underlayment. The Siding segment offers SmartSide siding products and related accessories, including wood-based sidings, trim, soffit, and fascia; and Canexel siding and accessory products comprising pre-finished lap, panel, and trim products. The Engineered Wood Products segment offers I-joists and laminated veneer lumber, and other related products for residential and commercial flooring and roofing systems, headers and beams, and other structural applications. In addition, the company provides decorative molding, cellulose insulation, and timber and timberlands. The company offers its products to retail home centers, manufactured housing producers, distributors, wholesalers, and building materials dealers in North America, South America, Asia, and Europe. The company was founded in 1972 and is headquartered in Nashville, Tennessee.

W.R. Berkley Corporation (NYSE: WRB), through its subsidiaries, operates in the property casualty insurance business primarily in the United States. It operates in five segments: Specialty, Regional, Alternative Markets, Reinsurance, and International. The Specialty segment underwrites third-party liability risks, including excess and surplus lines, premises operations, commercial automobile, property, products liability, and professional liability lines. The Regional segment provides commercial insurance products to small-to-mid-sized businesses, and state and local governmental entities primarily in the United States and the District of Columbia. It sells its products through a network of non-exclusive independent agents. The Alternative Markets segment engages in insuring, reinsuring, and administering self-insurance programs and other alternative risk transfer mechanisms to commercial and governmental entities employers, employer groups, insurers, and other groups or entities seeking alternative ways to manage their exposure to risks. It offers workers compensation insurance products. This segment also provides claims, administrative, and consulting services. The Reinsurance segment underwrites property casualty reinsurance on both a treaty and a facultative basis, including professional liability, umbrella, workersa� compensation, commercial automobile, and trucking. The International segment offers professional indemnity, directorsa� and officersa� liability, medical malpractice, general liability, construction risks, personal accident and travel products, and commercial and personal property casualty insurance products, as well as property and casualty reinsurance products. It also has operations in Australia, Canada, Hong Kong, South America, the United Kingdom, and continental Europe. The company was founded in 1967 and is based in Greenwich, Connecticut.

North American Palladium (NYSE: PAL) is a precious metals company that owns the LDI mine, which produced platinum group metals for 15 years until October 2008 when it was placed on temporary care and maintenance due to low metal prices. Prior to the temporary shutdown, the mine had annual production of 270,000 ounces of palladium, 20,000 ounces of platinum and 20,000 ounces of gold. The Company also owns and operates the Sleeping Giant gold mine located in the Abitibi region of Quebec, which produced over 1 million ounces of gold from 1988-2008 at an average grade of 11.44 g/t. North American Palladium expects gold production to resume in the fourth quarter of 2009 at an annual rate of 50,000 ounces. North American Palladium benefits from operating in a politically stable jurisdiction with developed infrastructure and a history of innovation and excellence in mining. Please visit www.nap.com for more information.

Cabelas Incorporated (NYSE: CAB) and its subsidiaries operate as a retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. Its product offering includes merchandise and equipment for hunting, fishing, marine use, and camping, as well as casual and outdoor apparel and footwear, optics, vehicle accessories, taxidermy products, gifts and home furnishings, and furniture restoration related merchandise. As of December 27, 2008, the company operated 29 retail stores, including 28 in 20 states and 1 in Canada. It also issues and manages the Cabelas CLUB Visa card and related customer loyalty rewards program, as well as sells brokered certificates of deposit. Cabelaa�s Incorporated offers its products through retail stores, the Internet, and catalog mailings. The company was founded in 1961 and is headquartered in Sidney, Nebraska.

Monster Worldwide, Inc. (NYSE: MWW), together with its subsidiaries, provides online employment solutions in North America, Europe, and Asia. The company operates a network of Websites that connect employers and jobseekers. Its online recruiting and employment services and solutions include searchable job postings, resume database, recruitment media solutions, and other career related content. The company also offers premium career services at a fee to job seekers, such as resume writing and priority resume listing, as well as enables employers and human resources companies to post jobs, search resume database, and utilize career site hosting and other services. In addition, it provides Internet advertising services to consumers, including content and related services, and services to manage the development and direction of their current and future careers, while offering employers, educators, and marketers with media-driven solutions. Further, the company offers lead generation, display advertising, and products sold to consumers for a fee services. Monster Worldwide serves individuals, small and medium-sized organizations, enterprise organizations, and educational institutions, as well as federal, state, and local government agencies. The company was founded in 1967 and is based in New York, New York.

Consolidated Edison, Inc. (NYSE: ED), through its subsidiaries, provides electric, gas, and steam utility services in the United States. It provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County, as well as provides steam service to office buildings, apartment houses, and hospitals in parts of Manhattan. The company also provides electric service to approximately 0.3 million customers in southeastern New York and adjacent areas of northern New Jersey and eastern Pennsylvania, and gas service to approximately 0.1 million customers in southeastern New York and adjacent areas of eastern Pennsylvania. In addition, Consolidated Edison owns, leases, or operates generating plants and participates in other infrastructure projects; sells electricity directly to delivery-service customers of utilities primarily in the northeast and Mid-Atlantic regions; and provides energy-efficiency services, including the design and installation of lighting retrofits, high-efficiency heating, ventilating and air conditioning equipment, and other energy saving technologies to government and commercial customers. It serves residential, industrial, and large commercial customers. The company was founded in 1884 and is based in New York, 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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