Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, September 15, 2009
Mon, September 14, 2009 48.67% Of All NYSE Trading Friday Was Short Selling. BYD, MRK, JAG, ROK, KFN, IP Highest % Of Daily Trading Volume Short
September 14, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Friday, September 11th, 2009 and come to the following statistical conclusions. There were 6,462 stocks with daily short volume reported and total NYSE trading volume of 1,120,447,506 shares. Total Daily Short Volume was 545,417,996 shares. 48.67% 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. Boyd Gaming (NYSE: BYD), Merck and Company (NYSE: MRK), Jaguar Mining (NYSE: JAG), Rockwell Automation (NYSE: ROK), KKR Financial Holdings (NYSE: KFN) and International Paper (NYSE: IP). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Symbol Short Volume Total Volume Market Percent
20090911 BYD 273,882 317,814 P 86.18%
20090911 MRK 996,717 1,277,007 P 78.05%
20090911 JAG 320,300 415,565 P 77.08%
20090911 ROK 125,459 165,488 P 75.81%
20090911 KFN 163,934 220,232 P 74.44%
20090911 IP 833,305 1,126,853 P 73.95%
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.
Boyd Gaming Corporation (NYSE: BYD), together with its subsidiaries, operates as a multi jurisdictional gaming company in the United States. As of December 31, 2008, the company owned and operated 15 casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana, Indiana, and New Jersey. It owned approximately 808,200 square feet of casino space, containing approximately 22,250 slot machines, 450 table games, and 7,250 hotel rooms. The company also owns and operates a pari-mutuel jai alai facility located in Dania Beach, Florida; two travel agencies; and an insurance company that underwrites travel-related insurance. In addition, Boyd Gaming Corporation is a 50% partner in a joint venture that owns a limited liability company that operates Borgata Hotel Casino and Spa in Atlantic City, New Jersey. The company was founded in 1988 and is headquartered in Las Vegas, Nevada.
Merck & Co., Inc. (NYSE: MRK) provides products for human and animal health in the United States and internationally. The companya�s Pharmaceutical segment offers human health pharmaceutical products, such as therapeutic and preventive agents. Its products comprise Singulair, a leukotriene receptor antagonist for the treatment of asthma and allergic rhinitis; Cozaar, Hyzaar, Vasotec, and Vaseretic, the hypertension and/or heart failure products; Fosamax and Fosamax Plus D for treating osteoporosis; Januvia and Janumet for type 2 diabetes; Cosopt and Trusopt, the ophthalmological products; Zocor, an atherosclerosis product; Maxalt for acute migraine; Propecia to treat male pattern hair loss; Arcoxia to treat arthritis and pain; Proscar to treat symptomatic benign prostate enlargement; and Emend for the prevention of chemotherapy-induced and post-operative nausea and vomiting. Merck & Co.a�s Vaccines segment comprises human health vaccines, such as preventative pediatric, adolescent, and adult vaccines. Its products include Gardasil to prevent cervical cancer, pre-cancerous and low-grade lesions, vulvar and vaginal pre-cancers, and genital warts; Varivax to prevent chickenpox; ProQuad, a pediatric combination vaccine against measles, mumps, rubella, and varicella; M-M-R II, a vaccine against measles, mumps, and rubella; RotaTeq to protect against rotavirus gastroenteritis in children; Zostavax for preventing shingles; Primaxin and Cancidas, anti-bacterial/anti-fungal products; Isentress, Crixivan, and Stocrin, antiretroviral therapies for the treatment of HIV infection; and Invanz for the treatment of infection. Merck & Co. has research, collaboration, or licensing agreements with Neuromed Pharmaceuticals, Ltd.; ARIAD Pharmaceuticals, Inc.; GTX, Inc.; Idera Pharmaceuticals; Japan Tobacco Inc.; Galapagos NV; AstraZeneca plc; Metabasis Therapeutics Inc.; and Addex Pharmaceuticals Ltd. The company was founded in 1891 and is headquartered in Whitehouse Station, New Jersey.
Jaguar Mining Inc. (NYSE: JAG), through with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. It properties include Turmalina, Paciencia, and Sabara. The companya�s Caet� Project, a development project to process sulfide ore from Pilar and Roa Grande Mines. It has a joint venture agreement with Xstrata plc to explore the Pedra Branca gold project in the State of Ceare in northern Brazil covering 159,000 acres. Jaguar Mining Inc. was founded in 1984 and is headquartered in Concord, New Hampshire.
Rockwell Automation, Inc. (NYSE: ROK) provides industrial automation power, control, and information solutions primarily in the United States. The companya�s Architecture and Software segmenta�s products include programmable logic controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, industrial computers, and condition based monitoring systems; and information-enabled Logix controllers. Its products also include configuration and visualization software used to operate and supervise control platforms; and process control software and manufacturing execution software that addresses information needs between the factory floor and a customera�s enterprise business system, as well as rotary and linear motion control products, sensors, and machine safety components. This segment serves food and beverage; automotive; oil and gas; metals and mining; and home, health, and beauty markets. The companya�s Control Products and Solutions segment offers low voltage and medium voltage electro-mechanical and electronic motor starters, motor and circuit protection devices, AC/DC variable frequency drives, contactors, push buttons, signaling devices, termination and protection devices, relays and timers, and condition sensors; packaged solutions, including configured drives, motor control centers, and custom engineered panels for OEM and end-user applications; automation and information solutions, including custom-engineered hardware and software systems for discrete, process, motion, drives, and manufacturing information applications; and various services, such as life-cycle support, including multi-vendor customer technical support and repair, asset management, training, and predictive and preventative maintenance services. This segment serves food and beverage, automotive, oil and gas, metals and mining, and pulp and paper industries. Rockwell Automation was founded in 1928 and is based in Milwaukee, Wisconsin.
KKR Financial Corp. (NYSE: KFN), a real estate investment trust and specialty finance company, invests in various asset classes in the United States. The company invests in residential mortgage loans and mortgage-backed securities; corporate loans and debt securities; commercial real estate loans and debt securities; asset-backed securities, and equity securities. KKR Financial Advisors LLC serves as the manager of the company. KKR Financial Corp. was founded in 2004 and is based in San Francisco, California.
International Paper Company (NYSE: IP) operates as a paper and packaging company with operations in North America, Europe, Latin America, the Russian Federation, Asia, and north Africa. Its Printing Papers segment produces uncoated printing and writing papers, including uncoated papers, market pulp, and uncoated bristols. The companya�s Industrial Packaging segment manufactures containerboards. Its products include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturated kraft. Its Consumer Packaging segment produces coated paperboard for various packaging and commercial printing end uses. The companya�s Distribution segment provides services and products to various customer markets, supplying commercial printers with printing papers and graphic pre-press, printing presses, and post-press equipment; the building services and away-from-home markets with facility supplies; and manufacturers with packaging supplies and equipment, as well as offers warehousing and delivery services. Its Forest Products segment owns and manages forest lands primarily in the United States. International Paper Companya�s Specialty Businesses and Other segment consists of a joint venture with Ilim Holding S.A. that operates a pulp and paper business in the Russian Federation. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
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.
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