N@N

51.04% Of All NASDAQ Trading Friday Was Short Selling. COHR, TRAK, GFIG, AUXL, CRBC, MELI Highest % Of Daily Trading Volume Sh

^{Published on 2009-09-08 07:35:25, Last Modified on 2010-12-22 14:43:26 - WOPRAI}
 

September 8, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Friday, September 4th, 2009 and come to the following statistical conclusions. There were 6,516 stocks with daily short volume reported and total NASDAQ trading volume of 1,318,772,463 shares. Total Daily Short Volume was 673,135,041 shares. 51.04% of all trading on the NASDAQ 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. Coherent (NASDAQ: COHR), DealerTrak Holdings (NASDAQ: TRAK), GFI Group (NASDAQ: GFIG), Auxilium Pharmaceuticals (NASDAQ: AUXL), Citizens Republic Bancorp (NASDAQ: CRBC) and MercadoLibre (NASDAQ: MELI). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090904 COHR 86,633 103,342 Q 83.83%

20090904 TRAK 120,256 147,237 Q 81.68%

20090904 GFIG 151,347 189,486 Q 79.87%

20090904 AUXL 129,815 165,092 Q 78.63%

20090904 CRBC 417,084 536,380 Q 77.76%

20090904 MELI 140,734 181,938 Q 77.35%

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.

Coherent, Inc. (NASDAQ: COHR) provides photonics-based solutions for commercial and scientific research applications worldwide. It engages in the design, manufacture, and marketing of lasers, precision optics, and related accessories. The companya�s products are used in a range of applications, including microelectronics, materials processing, OEM components and instrumentation, and scientific research and government programs. It markets its products primarily through a direct sales force, as well as through independent representatives. The company was founded in 1966 and is headquartered in Santa Clara, California.

DealerTrack Holdings, Inc. (NASDAQ: TRAK) provides on-demand software and data solutions for the automotive retail industry in the United States. It utilizes the Internet to link automotive dealers with banks, finance companies, credit unions, and other financing sources, as well as other service and information providers comprising the aftermarket providers and major credit reporting agencies. The companya�s credit application processing product enables dealers to automate and accelerate the indirect automotive financing process. Its dealership management system and integrated subscription-based software solutions enable automotive dealer customers to manage their dealership data and operations, compare various financing and leasing options and programs, sell insurance and other aftermarket products, analyze inventory, verify document compliance with certain laws, and execute financing contracts electronically. In addition, the company offers data and other products and services to various industry participants, including lease residual value and automobile configuration data. DealerTrack has a network of approximately 19,000 automotive dealers, including franchised dealers; approximately 730 financing sources; and other service and information providers to the automotive retail industry. The company was founded in 2001 and is headquartered in Lake Success, New York.

GFI Group Inc. (NASDAQ: GFIG) operates as an inter-dealer broker, and vendor of related products and services for over-the-counter derivative products and related securities. It offers brokerage services, trading system software, and data and analytics products to institutional clients in markets for a range of credit, financial, equity, and commodity instruments. The company provides brokerage services in a range of credit derivatives, bond instruments, and other related credit products; financial instruments, including foreign exchange options, exotic options, non-U.S. Dollar interest rate swaps and options, repurchase agreements, and government and municipal bond options; cash-based and derivative equity products, including U.S. domestic equity, international equity, global depositary receipts, and American depositary receipt stocks and equity derivatives based on indices, stocks, or customized stock structures; and cash-based and derivative commodity and energy products, including oil, natural gas, biofuel, electricity, wet and dry freight derivatives, dry physical freight, precious metals, coal, weather derivatives, property derivatives, and emissions. GFI Groupa�s trading system software includes multi-asset class electronic trading and order management software to brokers, exchanges, and traders; and analytics products comprise Fenics used to build pricing models, develop trading strategies, and to manage price and revalue derivative portfolios, as well as Fenics FX, a foreign exchange option pricing and analysis tool. It licenses its market data in foreign exchange options, credit derivatives, emerging market non-deliverable forwards, equity derivatives, interest rate options, and European and North American energy. The company was founded in 1987 and is headquartered in New York, New York with additional offices in Sugar Land, Englewood, London, Dublin, Paris, Singapore, Seoul, Tokyo, Hong Kong, Sydney, Cape Town, Dubai, Tel Aviv, Calgary, and Santiago.

Auxilium Pharmaceuticals, Inc. (NASDAQ: AUXL), a specialty biopharmaceutical company, focuses on developing and marketing products to urologists, endocrinologists, orthopedists, and primary care physicians primarily in the United States. The company markets Testim, a topical 1% testosterone gel for the treatment of hypogonadism. Its product pipeline also includes XIAFLEX, an injectable collagenase enzyme, which is in Phase III of development for the treatment of Dupuytrens contracture; and in Phase II of development for the treatment of Peyronies Disease and Adhesive Capsulitis. The companya�s product pipeline also comprises AA4010, which is in Phase I of development for the treatment of overactive bladder using its transmucosal film delivery system; and A Fentanyl, a pain product, which is in Phase I of development. It has agreement with Pfizer, Inc. for the development, commercialization, and supply of XIAFLEX in European and Eurasian countries. The company was founded in 1999 and is headquartered in Malvern, Pennsylvania.

Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) operates as the holding company for Citizens Bank and F&M Banka"Iowa, which provide banking and financial services to individuals and businesses in Michigan, Wisconsin, Ohio, Iowa, and Indiana. The company operates in three divisions: Specialty Commercial, Regional Banking, and Wealth Management. The Specialty Commercial division provides lending, depository, and related financial services to commercial real estate developers, owners of multi-unit commercial properties, middle-market companies, and local governments and municipalities. It offers commercial mortgages, real estate construction lending, term loans, revolving credit arrangements, inventory and accounts receivable financing, and letters of credit; and noncredit services, including deposit accounts, treasury management, corporate cash management, international banking services, advice and assistance in the placement of securities, and financial planning. The Regional Banking division provides a range of lending, depository, and other related financial services to businesses and individual consumers. This division offers direct loans, home equity loans and lines of credit, and residential mortgage loans, as well as checking, savings, and money market accounts; debit and credit cards; ATM network services; certificates of deposit; and fixed and variable annuities. The Wealth Management division offers asset management, financial planning, estate settlement and administration, and credit and deposit products and services, as well as trust and investment services. This division also offers retail mutual funds and other securities, variable and fixed annuities, personal disability and life insurance products, and brokerage services. As of December 31, 2008, the company operated 233 offices and 266 ATM locations. Citizens Republic Bancorp, Inc. was founded in 1871 and is based in Flint, Michigan.

MercadoLibre, Inc. (NASDAQ: MELI), through its subsidiaries, hosts online commerce and payments platforms in Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company principally offers MercadoLibre marketplace, an automated online commerce service, located at mercadolibre.com, which permits businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. It also enables registered users in MercadoLibre marketplace to list and purchase motor vehicles, vessels, aircraft, real estate, and services through online classified listings; users and advertisers to place, display, and/or text advertisements on its Web pages to promote their brands and offerings; and Internet users to browse through various products and services that are listed on its Web site and register with MercadoLibre to list, bid for, and purchase items and services. The company also provides MercadoPago, an integrated online payments solution to facilitate transactions both on and off the MercadoLibre marketplace by providing a mechanism that allows its users to send and receive payments online. As of December 31, 2008, it operated online commerce platforms and online payment solutions directed towards Argentina, Brazil, Mexico, Venezuela, Chile, and Colombia, as well as operated online commerce platforms directed towards Costa Rica, the Dominican Republic, Ecuador, Panama, Peru, and Uruguay. The company was founded in 1999 and is headquartered in Buenos Aires, Argentina.

About BUYINS.NET

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 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.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Occassionally companies or third parties pay $995 per month to purchase data for information provided in monthly reports. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

BUYINS.NET and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.NET, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor. By visiting BUYINS.NET or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. BUYINS.NET, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to BUYINS.NET and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State. Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. BUYINS.NET does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. BUYINS.NET places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.

Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

Contact: Thomas Ronk, CEO www.BUYINS.net +1-800-715-9999 Tom@buyins.net