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50.12% Of All NYSE Trading Friday Was Short Selling. PAX, CRH, NU, IRM, MF, MDZ Highest % Of Daily Trading Volume Short

^{Published on 2009-09-21 06:57:37, Last Modified on 2010-12-22 14:45:39 - WOPRAI}
 

September 21, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Friday, September 18th, 2009 and come to the following statistical conclusions. There were 6,522 stocks with daily short volume reported and total NYSE trading volume of 1,170,597,139 shares. Total Daily Short Volume was 586,812,365 shares. 50.12% 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. Prospect Acquisition Corp (AMEX: PAX), CRH Plc (NYSE: CRH), Northeast Utilities (NYSE: NU), Iron Mountain (NYSE: IRM), MF Global (NYSE: MF) and MDS Inc. (NYSE: MDZ). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20090918 PAX 330,552 382,252 P 86.47%

20090918 CRH 198,060 236,480 P 83.75%

20090918 NU 192,941 236,032 P 81.74%

20090918 IRM 134,692 168,021 P 80.16%

20090918 MF 79,892 101,092 P 79.03%

20090918 MDZ 542,598 696,886 P 77.86%

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 exchangesai 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.

Prospect Acquisition Corp. (AMEX: PAX) does not have significant operations. It intends to acquire control of one or more businesses or assets in the financial services industry through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination. The company was founded in 2007 and is based in Naples, Florida.

CRH plc (NYSE: CRH), through its subsidiaries, CRH plc engages in the manufacture and distribution of building materials in Europe and Americas. It provides cement, aggregates, asphalt, readymixed concrete, agricultural and chemical lime, and concrete products. The company also offers architectural and structural concrete products for use in residential, non-residential, and infrastructure applications, which include building systems and engineered concrete solutions for use in the electrical, transportation, drainage, and communications industries; construction accessories and components to assist in the construction process; and architectural products for the facade and surroundings of buildings. In addition, it produces various building products for the climate control and energy efficiency of buildings, which comprise architectural glass, clay brick and block, insulation materials, entrance control, and climate control products. Further, the company distributes building materials to general building contractors and do-it-yourself (DIY) customers, as well as to professional roofing/siding and interior products contractors through its stores. As of December 31, 2008, it operated 673 builders merchants stores and 246 DIY stores. The company was founded in 1949 and is headquartered in Dublin, Ireland.

Northeast Utilities (NYSE: NU), a public utility holding company, engages in the energy delivery business for residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. It operates in three segments: Electric Distribution, Natural Gas Distribution, and Electric Transmission. The Electric Distribution segment engages in the purchase, delivery, and sale of electricity. As of December 31, 2008, it furnished retail franchise electric service to approximately 1.2 million customers in 149 cities and towns in Connecticut; 493,000 retail customers in 211 cities and towns in New Hampshire; and 206,000 retail customers in 59 cities and towns in western Massachusetts. This segment also owns and operates approximately 1,200 megawatts of electricity generation facilities. The Natural Gas Distribution segment operates a natural gas distribution system in Connecticut and provides gas supply to residential customers for heating, hot water, and cooking needs, as well as to commercial and industrial customers. It also offers gas transportation services to commercial and industrial customers. This segment serves approximately 200,000 customers. The Electric Transmission segment enables utilities, generation owners, and marketers to plan and operate generation and transmission facilities, as well as provides transmission services. The company was founded in 1927 and is headquartered in Berlin, Connecticut.

Iron Mountain Incorporated (NYSE: IRM) provides information protection and storage, and related services for various media in North America, Europe, Latin America, and Asia Pacific. The companyais services comprise records management, data protection and recovery, and information destruction. The records management services include records management program development and implementation to help customers comply with specific regulatory requirements; implementation of policy-based programs that feature secure storage for media consisting of paper, flexible retrieval access, and retention management; digital archiving and related services for secure long-term archiving of electronic records; and specialized services for vital records and regulated industries, such as healthcare, energy, and financial services. The data protection and recovery services comprise disaster preparedness, planning, support and secure, and off-site vaulting of data backup media for data recovery in the event of a disaster, human error, or virus; online backup and recovery solutions for desktop and laptop computers and remote servers; and technology escrow services to protect and manage source code and other proprietary information. The information destruction services include secure shredding services; and DataDefense, which provides automatic and intelligent encryption of sensitive PC data. The company also sells corrugated cardboard storage cartons; and provides consulting, facilities management, fulfillment, and other outsourcing services. It serves commercial, legal, banking, healthcare, accounting, insurance, entertainment, and government organizations. The company was founded in 1951 and is headquartered in Boston, Massachusetts.

MF Global Ltd. (NYSE: MF) provides execution and clearing services for products in the exchange-traded and over-the-counter (OTC) derivative markets, as well as for products in the cash market primarily in Europe, North America, and the Asia/Pacific region. It acts as an intermediary principally for five types of products, such as fixed income, commodities, foreign exchange, equities, and interest rate products, as well as supports a retail products group. The company executes client trades on an agency basis for various listed and OTC derivatives and cash products. It also offers execution services for various listed and OTC derivatives and cash products on a matched-principal basis to facilitate client transactions. The company offers its matched-principal execution services in OTC trading markets, such as metals, foreign exchange, and fixed income securities. In addition, it operates as a clearing firm for clients who execute trades in futures and options on exchanges where the company is approved as a clearing member. The company serves institutional clients, such as corporations, broker/dealers, and asset managers and hedge funds; and retail clients, including professional traders and private clients. MF Global Ltd. is based in Hamilton, Bermuda.

MDS, Inc. (NYSE: MDZ), a life sciences company, provides products and services for the development of drugs, and the diagnosis and treatment of diseases. It operates in three segments: MDS Pharma Services, MDS Nordion, and MDS Analytical Technologies. The MDS Pharma Services segment provides pharmaceutical research services, including pre-clinical development, and Phase IV clinical trials for generic pharmaceutical and biotechnology companies, as well as consumer product and drug delivery companies. The MDS Nordion segment offers medical isotopes for molecular imaging, technologies for the sterilization of medical and other products, and contract manufacturing services for the radio therapeutics industry. The MDS Analytical Technologies segment focuses on the research, design, manufacture, and marketing of life sciences tools, such as high-end mass spectrometers and high-performance bio-analytical measurement systems. The company serves pharmaceutical manufacturers, biotechnology companies, manufacturers of medical supplies and devices, and academic and government institutions, as well as food and environmental testing industries. It sells its products and services in the United States, Europe, Asia, Canada, and internationally. The company, formerly known as MDS Health Group Limited, was founded in 1969 and is headquartered in Mississauga, Canada.

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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 monthais 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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