Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, September 23, 2009
Tue, September 22, 2009 DPTR, PALM, TLAB, BRCD, ATVI, CHIP With Highest Daily Short Volume On NASDAQ Monday
September 22, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Monday, September 21st, 2009 and come to the following statistical conclusions. There were 6,921 stocks with daily short volume reported and total NASDAQ trading volume of 1,736,900,119 shares. Total Daily Short Volume was 845,434,771 shares. 48.67% of all trading on the NASDAQ Monday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Delta Petroleum (NASDAQ: DPTR), Palm (NASDAQ: PALM), Tellabs (NASDAQ: TLAB), Brocade Communication Systems (NASDAQ: BRCD), Activision Blizzard (NASDAQ: ATVI) and VeriChip Corp (NASDAQ: CHIP). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT
20090921 DPTR 10,273,560 19,182,135 Q 53.56%
20090921 PALM 5,980,109 11,283,641 Q 53.00%
20090921 TLAB 5,856,542 10,215,407 Q 57.33%
20090921 BRCD 3,624,098 6,501,738 Q 55.74%
20090921 ATVI 3,561,169 7,625,411 Q 46.70%
20090921 CHIP 1,772,809 4,761,150 Q 37.23%
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.
Delta Petroleum Corporation (NASDAQ: DPTR) engages in the exploration, acquisition, development, production, and sale of natural gas and crude oil in the United States. It owns producing and non-producing oil and natural gas interests, undeveloped leasehold interests, and related assets in 17 states, as well as interests in a producing Federal unit offshore California and undeveloped offshore Federal leases near Santa Barbara, California. The company also engages in contract drilling operations, as well as marketing trucking services in the Casper, Wyoming area. As of December 31, 2008, it had approximately 827.7 billion cubic feet of natural gas and 9.5 Mmbbls of crude oil. The company was founded in 1984 and is based in Denver, Colorado.
Palm, Inc. (NASDAQ: PALM) provides mobile products for individual users and business customers worldwide. The company offers integrated technologies that enable people to stay connected with their family, friends, and colleagues; access and share the information; and manage their daily lives on the go. Its products include Palm Pre, Treo, and Centro smartphones, which provide a range of productivity tools and personal and entertainment applications for the consumer and business markets. The company also offers Palm webOS, an operating system for mobile use, as well as provides related services, including software updates, back-up and restore of certain data, remote erase of a device, and access to the applications catalog. The company also offers handheld computers, as well as various add-ons and accessories, including memory expansion cards, micro USB cables, charging kits, vehicle power adapters, and carrying cases. Palm, Inc. sells its products to wireless carriers, distributors, retailers, and resellers through Internet, retail, reseller, and wireless carrier channels worldwide, as well as through its online stores. The company was formerly known as palmOne, Inc. and changed its name to Palm, Inc. in July 2005. Palm, Inc. was founded in 1992 and is headquartered in Sunnyvale, California. As of July 27, 2000, Palm, Inc. operates independently of 3Com Corporation.
Tellabs, Inc. (NASDAQ: TLAB) designs, develops, deploys, and supports telecommunications networking products for telecommunications service providers worldwide. Its products and services enable customers to deliver wireline and wireless voice, data, and video services to business and residential customers. The company operates through three segments: Broadband, Transport, and Services. The Broadband segment provides access products that enable service providers to deliver bundled voice, video, and high-speed Internet/data services over copper or fiber networks; managed access transport products, which deliver wireless and business services primarily outside of the United States; and data products, including packet-switched products that enable wireline and wireless carriers to deliver business services and next-generation wireless services. The Transport segment enables service providers to transport services and manage bandwidth; and wireline and wireless providers to support wireless and business services for enterprises, as well as provides triple-play voice, video, and data services. The Services segment delivers deployment, training, support, and professional services to support various phases of the network, such as planning, building, and operating. The company sells its products and services through its direct sales organization, value-added resellers, distributors, and public and private network providers. Its customers include communication services providers, including local exchange carriers; national post, telephone, and telegraph administrators; wireless service providers; multiple system operators; competitive service providers; distributors; original equipment manufacturers; system integrators; and government agencies. The company was founded in 1974 and is headquartered in Naperville, Illinois.
Brocade Communications Systems, Inc. (NASDAQ: BRCD) engages in the supply of storage area network equipment and provision of data center networking solutions. It offers infrastructure products and solutions, including directors, switches, routers, fabric-based software applications, and distance/extension products, management applications, and utilities, as well as host bus adapters and storage area network (SAN) switch modules, and embedded switches that assist companies in the development and delivery of storage and server consolidation, disaster recovery, data warehousing, data security, and in meeting compliance issues regarding data management. The company also offers fabric operating system that provides the infrastructure for deploying SANs, as well as provides management tools that enable end-users to manage and administer its SANs; and server connectivity solutions. In addition, Brocade Communications Systems offers various file data management solutions, including Brocade StorageX, an integrated suite of applications designed to logically aggregate distributed file data across heterogeneous environments, providing administrators with policies to manage and automate distributed file data; and Brocade File Management Engine that utilizes a technology for true open file migration, thereby simplifying file management and enabling organizations to virtualize their files and manage resources. Further, the company offers a range of professional and support services to facilitate customer projects; to assist customers in the design, implementation, and operation of SAN; and to provide customer support. It offers its products and services to end-user customers directly and through various distribution partners, including original equipment manufacturers, distributors, systems integrators, and value-added resellers in the United States, western Europe, and the greater Asia Pacific region. The company was founded in 1995 and is headquartered in San Jose, California.
Activision Blizzard, Inc. (NASDAQ: ATVI), through its subsidiaries, publishes online, personal computer (PC), console, and hand-held games worldwide. The company develops and publishes video games, as well as maintains its proprietary online-game related service, Battle.net. It also publishes interactive software products and peripherals internationally. The companya�s products cover various game categories, including action/adventure, action sports, racing, role-playing, simulation, first-person action, music, and strategy. Its products include Guitar Hero, Call of Duty, Tony Hawk, Spider-Man, X-Men, James Bond, and Transformers, as well as Diablo, StarCraft, Warcraft, and World of Warcraft. The company is based in Santa Monica, California. Activision Blizzard, Inc. is a subsidiary of Vivendi S.A.
VeriChip Corporation (NASDAQ: CHIP) provides radio frequency identification (RFID) systems for healthcare and patient-related needs in the United States. It offers the VeriMed Health Link system that uses an implantable passive RFID microchip, which is used in patient identification applications. The company also focuses on the development of the glucose-sensing microchip. VeriChip Corporation was founded in 2001 and is headquartered in Delray Beach, Florida.
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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 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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