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OPXA, CTIC, RIMM, ENER, BRCM, PALM With Highest Daily Short Volume On NASDAQ Tuesday

^{Published on 2009-09-08 17:09:57, Last Modified on 2010-12-22 14:43:40 - WOPRAI}
 

September 9, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Tuesday, September 8th, 2009 and come to the following statistical conclusions. There were 6,655 stocks with daily short volume reported and total NASDAQ trading volume of 1,572,916,934 shares. Total Daily Short Volume was 800,306,209 shares. 50.88% of all trading on the NASDAQ Tuesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Opexa Therapeutics (NASDAQ: OPXA), Cell Therapeutics (NASDAQ: CTIC), Research-in-Motion (NASDAQ: RIMM), Energy Conversion Devices (NASDAQ: ENER), Broadcom (NASDAQ: BRCM) and Palm, Inc. (NASDAQ: PALM). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090908 OPXA 4,539,902 10,631,088 Q 42.70%

20090908 CTIC 3,547,910 8,695,024 Q 40.80%

20090908 RIMM 1,842,638 3,102,806 Q 59.39%

20090908 ENER 1,527,281 3,745,266 Q 40.78%

20090908 BRCM 1,397,241 2,756,108 Q 50.70%

20090908 PALM 1,396,714 2,474,429 Q 56.45%

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.

Opexa Therapeutics, Inc. (NASDAQ: OPXA) operates as a biopharmaceutical company, developing autologous cellular therapies with the potential to treat major illnesses, including multiple sclerosis (MS) and diabetes. These therapies are based on Opexa's proprietary T-cell and adult stem cell technologies. The companya�s products include a T-cell therapeutic vaccine, Tovaxin, which is in clinical development for the treatment of MS. The adult stem cell technology is in the preclinical development stage. The company was formerly known as PharmaFrontiers Corp. and changed its name to Opexa Therapeutics, Inc. in June 2006. Opexa Therapeutics was founded in 2003 and is based in The Woodlands, Texas.

Cell Therapeutics, Inc. (NASDAQ: CTIC), a biopharmaceutical company, develops, acquires, and commercializes oncology products for cancer treatment. Its development portfolio includes Pixantrone, a phase III trial product, for non-Hodgkina�s lymphoma; Brostallicin, which is in first-line Phase II study for the treatment of sarcoma; and OPAXIO, a chemotherapeutic agent for the potential treatment of non-small cell lung, ovarian, and other cancers. It has collaboration and licensing arrangements with Novartis International Pharmaceutical, Ltd.; and PG-TXL Company, L.P. The company was founded in 1991 and is headquartered in Seattle, Washington.

Research in Motion (NASDAQ: RIMM) designs and markets wireless handsets, software, and services. RIM's primary revenue driver is the sale of mobile smartphones (wireless phones that also support applications like e-mail, Web browsing, and calendars) to wireless carriers worldwide. In addition to revenue generated from handset sales, RIM generates access service fees from carriers for each BlackBerry subscriber. Software licensing revenue is also generated from corporate clients incorporating BlackBerry Enterprise Server software in their wireless data management. RIM's products and services provide seamless and secure access to e-mail, phone, SMS, personal organizer, Internet, and corporate data applications. RIM's technology, which provides end-to-end security and an always-connected architecture that allows immediate e-mail delivery, has enabled the firm to dominate the North American enterprise market and provided the opportunity to expand into new countries. BlackBerrys are now sold in more than 150 countries, and more than 30% of the firm's subscribers are based outside North America.

Energy Conversion Devices, Inc. (NASDAQ: ENER) engages in the design, manufacture, and sale of photovoltaic (PV) products. The company operates in two segments, United Solar Ovonic and Ovonic Materials. The United Solar Ovonic segment provides PV laminates that generate clean and renewable energy by converting sunlight into electricity. It also involves in the design, development, and installation of rooftop and BIPV systems and applications. Its products are used in rooftop and building integrated applications. This segment offers its products to commercial roofing materials manufacturers, builders and building contractors, and solar power installers/integrators. The Ovonic Materials segment invents, designs, develops, and licenses materials and products based on the companya�s materials science technology. This segment also commercializes the NiMH materials and consumer battery technology. The company operates in the United States, Germany, France, Italy, South Korea, Japan, Hong Kong, and China. Energy Conversion Devices, Inc. was founded in 1960 and is headquartered in Rochester Hills, Michigan.

Broadcom Corporation (NASDAQ: BRCM) engages in the design, development, and supply of semiconductors for wired and wireless communications equipment manufacturers. The companya�s products enable the delivery of voice, video, data, and multimedia to and throughout the home, office, and mobile environment. It provides a portfolio of system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. The company offers solutions for digital cables, satellite and Internet protocol set-top boxes, and media servers; high definition televisions; high definition DVD players and personal video recording devices; cable and digital subscriber line modems and residential gateways; high-speed transmission and switching for local, metropolitan, wide area, and storage networking; and server solutions. It also provides its solutions for broadband network and security processors; wireless and personal area networking; cellular communications; global positioning system applications; mobile multimedia and applications processors; mobile power management; and voice over Internet protocol gateway and telephony systems. The company markets its products in the United States through direct sales force, distributors, and manufacturersa� representatives. Broadcom Corporation also sells its products internationally through regional offices, as well as through a network of independent distributors and representatives in Asia, Australia, Europe, and North America. The company was founded in 1991 and is headquartered in Irvine, California.

Palm, Inc. (NASDAQ: PALM) provides mobile products for individual users and business customers worldwide. The company offers integrated technologies that enable people to stay connected with their family, friends, and colleagues; access and share the information; and manage their daily lives on the go. Its products include Palm Pre, Treo, and Centro smartphones, which provide a range of productivity tools and personal and entertainment applications for the consumer and business markets. The company also offers Palm webOS, an operating system for mobile use, as well as provides related services, including software updates, back-up and restore of certain data, remote erase of a device, and access to the applications catalog. The company also offers handheld computers, as well as various add-ons and accessories, including memory expansion cards, micro USB cables, charging kits, vehicle power adapters, and carrying cases. Palm, Inc. sells its products to wireless carriers, distributors, retailers, and resellers through Internet, retail, reseller, and wireless carrier channels worldwide, as well as through its online stores. The company was formerly known as palmOne, Inc. and changed its name to Palm, Inc. in July 2005. Palm, Inc. was founded in 1992 and is headquartered in Sunnyvale, California. As of July 27, 2000, Palm, Inc. operates independently of 3Com Corporation.

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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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