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Tue, September 15, 2009

45.93% Of All NYSE Trading Monday Was Short Selling. BGS, FMC, GMT, CHA, NYT, TII Highest % Of Daily Trading Volume Short


Published on 2009-09-15 07:25:59, Last Modified on 2010-12-22 14:44:04 - WOPRAI
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September 15, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Monday, September 14th, 2009 and come to the following statistical conclusions. There were 6,400 stocks with daily short volume reported and total NYSE trading volume of 1,035,706,597 shares. Total Daily Short Volume was 475,709,787 shares. 45.93% of all trading on the NYSE Monday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. B and G Foods (NYSE: BGS), FMC Corp (NYSE: FMC), GATX Corp (NYSE: GMT), China Telecom (NYSE: CHA), New York Times (NYSE: NYT) and Telmex Internacional (NYSE: TII). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090914 BGS 187,948 205,198 P 91.59%

20090914 FMC 175,594 213,622 P 82.20%

20090914 GMT 110,151 136,582 P 80.65%

20090914 CHA 67,895 85,483 P 79.43%

20090914 NYT 80,062 101,018 P 79.26%

20090914 TII 80,007 103,407 P 77.37%

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.

B&G Foods, Inc. (NYSE: BGS), together with its subsidiaries, engages in the manufacture, distribution, and sale of shelf-stable foods in the United States, Canada, and Puerto Rico. It offers shelf-stable Mexican food, which includes taco shells, seasonings, dinner kits, taco sauces, peppers, refried beans, salsas, and related food products; maple syrup, gourmet salad dressings, marinades, fruit syrups, confections, pancake mixes, and organic products; and shelf-stable pickles, relishes, peppers, olives, and other related specialty items. The company also provides a range of fruit-based spreads and jarred wet spices, such as chopped garlic and oregano; enchilada sauce, chili sauce, and various pepper products; baked beans and brown bread; meat spreads, including deviled ham, white-meat chicken, barbeque-flavored chicken, white-meat turkey, roast beef, and liverwurst; a line of pasta sauces, seasonings, cooking stocks, mustards, salsas, pepper sauces, and cooking sprays; flavor enhancer for beef, poultry, fish, and vegetables; and canned beans, such as kidney, chili, and other beans. In addition, it offers mild and full-flavored molasses products and a blackstrap molasses products; vinegars and cooking wines for use in the preparation of salad dressings, as well as in various recipe applications, including sauces, marinades, and soups; and maple-flavored syrup in regular, sugar-free, and sugar-free butter varieties. The company distributes its products through a network of independent brokers and distributors to supermarket chains, food service outlets, mass merchants, warehouse clubs, nonfood outlets, and specialty food distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in 2004. B&G Foods, Inc. was founded in 1996 and is headquartered in Parsippany, New Jersey.

FMC Corporation (NYSE: FMC), a chemical company, provides solutions, applications, and products to various end markets worldwide. It operates in three segments: Agricultural Products, Specialty Chemicals, and Industrial Chemicals. The Agricultural Products segment develops, manufactures, and sells a portfolio of crop protection, pest control, and lawn and garden products. It produces insecticides to protect various crops, including cotton, maize, soybeans, rice, sugarcane, cereals, fruits, and vegetables from insects; and for nonagricultural applications, such as pest control for home, garden, and other specialty markets. This segment also produces herbicides to protect various crops, turf, and roadsides from weed growth. The Specialty Chemicals segment produces microcrystalline cellulose that is used as drug dry tablet binder and disintegrant, and food ingredient; carrageenan, which is used as food ingredient for thickening and stabilizing, encapsulant for pharmaceutical and nutraceutical applications; alginates that are used as food ingredients, and for pharmaceutical excipient, wound care, orthopedic uses, and industrial uses; and lithium that is used in pharmaceuticals, polymers, batteries, greases and lubricants, air conditioning, and other industrial applications. The Industrial Chemicals segment produces soda ash for glass, chemicals, and detergents; peroxygens for pulp and paper, chemical processing, detergents, antimicrobial disinfectants, environmental applications, electronics, and polymers; and phosphorus chemicals for detergents, cleaning compounds, and animal feed. The company was founded in 1884 and is based in Philadelphia, Pennsylvania.

GATX Corporation (NYSE: GMT) leases, operates, and manages assets in the rail, marine, and industrial equipment markets in North America, Europe, and internationally. The company operates through three segments: Rail, Specialty, and American Steamship Company (ASC). The Rail segment leases tank cars, freight cars, and locomotives to shippers of chemical, petroleum, and food products, as well as railroads in North America and Europe. As of December 31, 2008, this segmenta�s worldwide fleet had approximately 166,000 railcars. The Specialty segment provides leasing, asset remarketing, and asset management services to the marine and industrial equipment markets. It leases vessels used in inland and blue water freight transportation, and equipment used in natural gas compression, bio-ethanol production, power generation, construction, and mining. The ASC segment owns and operates a fleet of U.S. flagged vessels on the Great Lakes, providing waterborne transportation of dry bulk commodities, such as iron ore, coal, and limestone for a range of industrial customers. As of the above date, ASCa�s fleet consisted of 18 vessels. GATX Corporation was founded in 1898 and is headquartered in Chicago, Illinois.

China Telecom Corporation Limited (NYSE: CHA), together with its subsidiaries, provides wireline, mobile, and broadband telecommunication services in the Peoplea�s Republic of China and the United States. It offers local telephony, domestic long distance and international telephony services, Internet and basic data services, and network elements leasing. The company also provides telecommunications and information services, including wireline voice, mobile voice, data, video, and multimedia. In addition, China Telecom Corporation provides telecom capital construction, outsourcing service and applications, and contents, as well as offers services to telecom manufacturers, government organizations, large enterprises, and business units. As of December 31, 2008, it had approximately 208 million fixed line subscribers, 44 million broadband subscribers, and 28 million mobile subscribers. The company was founded in 2002 and is based in Beijing, China. China Telecom Corporation Limited is a subsidiary of China Telecommunications Corporation.

The New York Times Company (NYSE: NYT) operates as a diversified media company in the United States. It operates in two segments, News Media and About Group. The News Media segment comprises The New York Times Media Group consisting of The New York Times; NYTimes.com; the International Herald Tribune; IHT.com; and a New York City radio station, WQXR-FM. This segment also comprises the New England Media Group, which includes The Boston Globe, Boston.com, and the Worcester Telegram & Gazette; and the Regional Media Group consisting of 15 daily newspapers in Alabama, California, Florida, Louisiana, North Carolina, and South Carolina, as well as related print publication businesses. The About Group segment consists of the Web sites of About.com, ConsumerSearch.com, UCompareHealthCare.com, and Caloriecount.about.com. The company also holds interest in a Canadian newsprint company and a supercalendered paper manufacturing partnership in Maine, as well as publishes a free daily newspaper in the greater Boston area. In addition, The New York Times Company operates an online advertising network that sells targeted display advertising onto local newspaper and other Web sites; owns Boston Red Sox, Fenway Park, and adjacent real estate properties; operates a regional cable sports network that televises the Red Sox game; and owns Roush Fenway Racing, a NASCAR team. The company was founded in 1896 and is headquartered in New York City, New York.

Telmex Internacional, S.A.B. de C.V. (NYSE: TII), through its subsidiaries, provides various telecommunications services to corporate and residential customers. Its services comprise domestic and international long distance, local telephone service, data transmission and Internet access, satellite services, and direct-to-home satellite pay television services. The company offers voice, data, and video transmission services; triple play services; private telephony; virtual private and long distance networks; print and Internet-based yellow pages directories; and value added services, such as three-way calling, voicemail, and caller identification. Telmex Internacional also provides other services, including text, telex, sound, and image transmission and maritime communications, as well as call center services. It has operations in Argentina, Brazil, Chile, Colombia, Ecuador, Peru, Uruguay, Mexico, the United States, Colombia, and Argentina. The company is based in Mexico City, Mexico. Telmex Internacional, S.A.B. de C.V. is a subsidiary of Carso Global Telecom, S.A.B. de C.V.

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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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