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48.28% Of All NYSE Trading Thursday Was Short Selling. WLK, ONT, CLA, EPD, SKM, STD Highest % Of Daily Trading Volume Short

^{Published on 2009-09-18 09:05:58, Last Modified on 2010-12-22 14:45:06 - WOPRAI}
 

September 18, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Thursday, September 17th, 2009 and come to the following statistical conclusions. There were 6,502 stocks with daily short volume reported and total NYSE trading volume of 1,451,285,463 shares. Total Daily Short Volume was 700,733,107 shares. 48.28% of all trading on the NYSE Thursday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Westlake Chemical (NYSE: WLK), On2 Technologies (AMEX: ONT), Capitol Acquisition Corp (NYSE: CLA), Enterprise Product Partners (NYSE: EPD), SK Telecom (NYSE: SKM) and Banco Santander (NYSE: STD). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090917 WLK 78,251 85,994 P 91.00%

20090917 ONT 174,200 195,900 P 88.92%

20090917 CLA 112,400 136,800 P 82.16%

20090917 EPD 92,592 114,209 P 81.07%

20090917 SKM 174,039 221,343 P 78.63%

20090917 STD 393,385 518,994 P 75.80%

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.

Westlake Chemical Corporation (NYSE: WLK) engages in the manufacture and marketing of basic chemicals, vinyls, polymers, and fabricated products. It operates in two segments, Olefins and Vinyls. The Olefins segment manufactures and markets ethylene, polyethylene, styrene monomer, and various ethylene co-products, such as propylene, crude butadiene, and hydrogen. The Vinyls segment manufactures and markets polyvinyl chloride, vinyl chloride monomer, chlorine, caustic soda, and ethylene. This segment also manufactures and sells products fabricated from polyvinyl chloride, which comprise pipes, window and door profiles, and fences. The companya�s products are used in consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, and residential and commercial construction, as well as in other durable and non-durable goods. It serves chemical processors, plastics fabricators, construction contractors, municipalities, and supply warehouses primarily in the United States, Canada, and Singapore. The company was founded in 1985 and is headquartered in Houston, Texas.

On2 Technologies, Inc. (AMEX: ONT), together with its subsidiaries, engages in the development and sale of video compression software and related services in the United States and Finland. The companya�s proprietary technology platform and video compression/decompression software delivers video over proprietary networks and the Internet to personal computers, wireless devices, set-top boxes, and other devices. It offers video and audio codecs, and encoding software for use with video delivery platforms. The companya�s products include VP6 and VP7 series of video codec designs that support real-time encoding at full D1 resolution; video encoding software that allows users to encode video in the Adobe Flash 8 format; Hantro series of video decoder and encoder products that provide format and resolution support for various video applications; and AMR-NB audio encoder and decoder for mobile video messaging, streaming, and telephony applications. It also licenses chip and mobile handset manufacturers with the hardware and software designs that make the encoding or decoding of video possible on devices, such as mobile handsets, set top boxes, portable media players, and cameras. In addition, the company provides integration, customized engineering and consulting, technical support, and encoding services. On2 Technologies sells its products and services to digital communication and media companies, entertainment companies, telecommunication companies, and third party resellers. It has a strategic partnership agreement with Netease.com Inc. The company was founded in 1992 and is based in Clifton Park, New York.

Capitol Acquisition Corp. (NYSE: CLA) does not have significant operations. It intends to acquire one or more operating businesses or assets through a merger, stock exchange, asset acquisition, reorganization, or similar business combination in technology, media, and communications sectors, as well as industries that support or enable such businesses. The company was founded in 2007 and is based in Washington, D.C.

Enterprise Products Partners L.P. (NYSE: EPD), a midstream energy company, provides services to producers and consumers of natural gas, natural gas liquids (NGL), crude oil, and petrochemicals in the continental United States, Canada, and Gulf of Mexico. The company also develops pipeline and other midstream energy infrastructure. It operates through four segments: NGL Pipelines & Services, Onshore Natural Gas Pipelines & Services, Offshore Pipelines & Services, and Petrochemical Services. The NGL Pipelines & Services segment engages in natural gas processing and related NGL marketing activities. This segment offers ethane, propane, normal butane, isobutene, and natural gasoline, which are used as raw materials by the petrochemical industry, as feedstocks by refiners in the production of motor gasoline, and as fuel by industrial and residential users. It also operates NGL pipelines aggregating approximately 14,322 miles; import and export facilities; NGL fractionation facilities; and NGL and related product storage facilities. The Onshore Natural Gas Pipelines & Services segment operates approximately 18,346 miles of onshore natural gas pipeline systems that provide for the gathering and transmission of natural gas, as well as involves in natural gas marketing activities. This segment also owns and leases natural gas storage facilities. The Offshore Pipelines & Services business segment operates approximately 1,544 miles of offshore natural gas pipelines for gathering and transmission of natural gas; approximately 909 miles of offshore crude oil pipeline systems; and 6 multi-purpose offshore hub platforms. The Petrochemical Services segment includes two propylene fractionation facilities for the separation of mixed NGL streams into purity NGL products; an isomerization complex; and an octane additive production facility, as well as 649 miles of petrochemical pipeline systems. Enterprise Products Partners L.P. was founded in 1968 and is based in Houston, Texas.

SK Telecom Co., Ltd. (NYSE: SKM) provides wireless telecommunications services using code division multiple access and WCDMA technology in South Korea, Vietnam, Mongolia, and the United States. It offers cellular voice services, such as wireless voice transmission services through its cellular networks; and wireless global roaming services through agreements with foreign wireless telecommunications service providers. The company also provides wireless data transmission services, such as wireless Internet access services, which allow subscribers to access online digital contents and services; and send and receive text and multimedia messages; wireless finance-related contents and m-commerce services; and wireless news and search services. In addition, it offers broadband Internet and fixed-line telephone services, such as video-on-demand and IP TV services; local, domestic, and international long-distance fixed-line telephone services to residential and commercial subscribers; satellite digital media broadcasting service that enables satellite broadcasting to mobile devices; and telematics services. Further, the company provides international calling services, such as direct-dial, pre and post paid card calling services, bundled services for corporate customers, voice services using Internet protocol, Web-to-phone services, and data services; and fixed-line portal service and online community portal services. As of December 31, 2008, SK Telecom Co. had approximately 23.0 million wireless subscribers. It has strategic alliances with Bridge Alliance, Orange SA, Telecom Italia Mobile S.p.A., T-Mobile International AG, and Teliasonera Mobile Networks AB. The company was formerly known as Korea Mobile Telecommunications Co., Ltd. and changed its name to SK Telecom Co., Ltd. in March 1997. SK Telecom Co., Ltd. was founded in 1984 and is headquartered in Seoul, South Korea.

Banco Santander, S.A. (NYSE: STD) operates as a commercial and private bank worldwide. The company operates through three segments: Retail Banking, Global Wholesale Banking, and Asset Management and Insurance. The Retail Banking segment offers a range of deposit products, including savings, current, demand, time, and notice deposits, as well as international and domestic interbank deposits; and loan products and services, such as auto financing, personal loans, mortgages, and leasing and renting. This segment also offers credit cards, automated cash dispensers, savings books updaters, telephone banking, and electronic and Internet banking. The Global Wholesale Banking segment provides corporate banking, treasury, and investment banking services. Its products and services include commercial financing, funds, trade finance, transactional products, custody services, corporate finance, structured finance, and capital structuring. This segment also engages in the trading and distribution of equities. The Asset Management and Insurance segment involves in the design and management of mutual and pension funds, and insurance products. As of December 31, 2008, the company had 5,998 branch offices in Continental Europe; 1,303 branches in the United Kingdom; and 6,089 branches in Latin America. The company was founded in 1857 and is headquartered in Madrid, Spain.

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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.

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