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48.71% Of All NYSE Trading Tuesday Was Short Selling. CUZ, GGG, DIN, TSS, GFA, PPS Highest % Of Daily Trading Volume Short


Published on 2009-09-16 07:26:54, Last Modified on 2010-12-22 14:44:21 - WOPRAI
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September 16, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Tuesday, September 14th, 2009 and come to the following statistical conclusions. There were 6,470 stocks with daily short volume reported and total NYSE trading volume of 1,297,082,992 shares. Total Daily Short Volume was 631,927,786 shares. 48.71% of all trading on the NYSE Tuesday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Cousins Properties (NYSE: CUZ), Graco (NYSE: GGG), DineEquity (NYSE: DIN), Total System Services (NYSE: TSS), Gafisa (NYSE: GFA) and Post Properties (NYSE: PPS). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090915 CUZ 389,674 483,511 P 80.59%

20090915 GGG 119,363 149,030 P 80.09%

20090915 DIN 87,955 111,107 P 79.16%

20090915 TSS 85,580 111,765 P 76.57%

20090915 GFA 73,615 96,865 P 76.00%

20090915 PPS 53,121 70,775 P 75.06%

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.

Cousins Properties Incorporated (NYSE: CUZ), a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the United States. The company operates through four divisions: Office/Multi-Family, Retail, Industrial, and Land. The Office/Multi-Family division develops and manages office projects primarily in Austin, Dallas, Charlotte, Birmingham, and Atlanta; develops and sells multi-family projects in urban locations in the southeastern United States; and manages and leases office properties owned by third parties. It also develops mixed use projects that contain multiple product types in communities where individuals live, work, and seek entertainment. As of December 31, 2006, this division owned interests in 20 operating office properties; and had 5 office or multi-family projects under development or redevelopment. The Retail division develops and manages retail shopping centers principally in Georgia, Tennessee, North Carolina, Texas, and Florida. As of the above date, this division owned 10 operating retail properties; and had 3 projects and 1 expansion under development. The Industrial division develops institutional warehouse and distribution properties in the metropolitan Atlanta area and the Dallas market. As of December 31, 2006, this division owned one operating industrial property and three projects under development. The Land division engages in the acquisition and entitlement of land, the development and sale of residential lots, and the acquisition and sale of certain undeveloped tracts of land to third parties. As of the above date, this division had 24 residential communities under development. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Cousins Properties was founded in 1958 and is based in Atlanta, Georgia.

Graco Inc. (NYSE: GGG), together with its subsidiaries, provides fluid handling solutions to manufacturing, processing, construction, and maintenance sectors. It operates in three segments: Industrial, Contractor, and Lubrication. The Industrial segment includes Industrial Products and Applied Fluid Technologies divisions. The Industrial Products division provides equipment to apply paint and other coatings to motor vehicles, appliances, furniture, and other industrial and consumer products; equipment to move and dispense chemicals, and liquid and semi-solid foods; and equipment to refinish and repair automobiles. The Applied Fluid Technologies division offers equipment to apply coatings and foam; equipment to apply sealants and adhesives; and equipment to create reaction injection molded polyurethane parts. The Contractor segment markets a line of airless paint and texture sprayers; and accessories, such as spray guns, hoses and filters, and spare parts. The Lubrication segment provides pumps; applicators; and accessories, such as meters and hose reels for the motor vehicle lubrication market. This segment also manufactures automated lubrication systems and components for use in various industrial applications and offers a line of injectors and metering systems; systems for the automatic lubrication of factory machine tools, compressors, and pumps used in petrochemical and gas transmissions plants; bearings and gears on equipment in metal, pulp, and paper mills; conveyors and material handling equipment; and off-road and over-the-road trucks. It offers its products through distributors, integrators, original equipment manufacturers, auto parts stores, home centers, sales force, and direct sales generalists in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The company was formerly known as Gray Company, Inc. and changed its name to Graco Inc. in 1969. Graco Inc. was founded in 1926 and is headquartered in Minneapolis, Minnesota.

DineEquity, Inc. (NYSE: DIN) develops, franchises, and operates full-service restaurant chains in the United States and internationally. It owns and operates two restaurant concepts in the casual dining and family dining niches under the Applebee's Neighborhood Grill and Bar (Applebeea�s) and International House of Pancakes (IHOP) brand names. Applebee's restaurants offer moderately-priced food, alcoholic and non-alcoholic beverage items, and table service. As of December 31, 2008, the company had 2,004 Applebee's restaurants, including 1,598 franchisees-operated and 406 company-operated restaurants. Its IHOP restaurants feature full table service and offer a range of moderately priced breakfast specialties, lunch, dinner, and snack items. As of December 31, 2008, the company had 1,396 IHOP restaurants comprising 1,225 franchisees-operated, 160 licensed, and 11 company-operated restaurants. It was formerly known as IHOP Corp. and changed its name to DineEquity, Inc. in June 2008. The company was founded in 1976 and is based in Glendale, California.

Total System Services, Inc. (NYSE: TSS) provides electronic payment processing and related services to financial and nonfinancial institutions. The companya�s services include processing consumer, retail, commercial, and government services, as well as stored value and debit cards. It also offers merchant acquiring services to financial institutions and other organizations. In addition, the company provides risk management tools and techniques, such as credit evaluation, fraud detection and prevention, and behavior analysis tools; and revenue enhancement tools and customer retention programs, such as loyalty programs and bonus rewards. It offers its services in the United States, Europe, China, Japan, Mexico, and Canada. The company was founded in 1982 and is based in Columbus, Georgia.

Gafisa S.A. (NYSE: GFA) operates as a homebuilder in Brazil. It engages in the development of residential buildings, including luxury buildings, comprising swimming pools, gyms, visitor parking, and other amenities for upper-income customers; buildings for middle-income customers; and entry-level housing for lower-income customers. The company also develops land subdivisions, and other mid-level and commercial buildings; and provides construction services, such as residential and commercial projects building services to third parties. It serves development and construction service clients. Gafisa S.A. was founded in 1997 and is headquartered in Sao Paulo, Brazil.

Post Properties, Inc. (NYSE: PPS), a real estate investments trust (REIT), together with its subsidiaries, engages in the development, ownership, and management of multifamily apartment communities in the United States. As of December 31, 2007, the company owned 22,578 apartment units in 63 apartment communities, including 1,747 apartment units in 2 communities held in unconsolidated entities and 2,266 apartment units in 7 communities. It is also developing and selling 535 for-sale condominium homes in 4 communities and converting 349 apartment homes into for-sale condominium homes in 2 communities. The company primarily operates in Atlanta, Georgia; Dallas, Texas; Washington, D.C.; and Tampa, Florida metropolitan areas. Post Properties has elected to be taxed as REIT under the Internal Revenue Code and would not be subject to federal income taxes, if it distributes approximately 90% of its taxable income to its shareholders. The company was founded in 1971 and is based in Atlanta, Georgia.

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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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