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49.79% Of All NASDAQ Trading Wednesday Was Short Selling. KOOL, CERS, ELON, ENTR, OTEX, EROC Highest % Of Daily Trading Volume

^{Published on 2009-09-23 15:31:52, Last Modified on 2010-12-22 14:47:03 - WOPRAI}
 

September 24, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Wednesday, September 23rd, 2009 and come to the following statistical conclusions. There were 6,829 stocks with daily short volume reported and total NASDAQ trading volume of 1,958,856,785 shares. Total Daily Short Volume was 975,324,652 shares. 49.79% of all trading on the NASDAQ Wednesday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Thermogenesis (NASDAQ: KOOL), Cerus Corp (NASDAQ: CERS), Echelon Corp (NASDAQ: ELON), Entropic Communications (NASDAQ: ENTR), Open Text (NADSAQ: OTEX) and Eagle Rock Energy Partners (NASDAQ: EROC). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090923 KOOL 155,378 191,258 Q 81.24%

20090923 CERS 93,237 115,598 Q 80.66%

20090923 ELON 109,283 138,918 Q 78.67%

20090923 ENTR 146,779 191,268 Q 76.74%

20090923 OTEX 110,125 145,768 Q 75.55%

20090923 EROC 92,283 122,559 Q 75.30%

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.

ThermoGenesis Corp. (NASDAQ: KOOL) designs, manufactures, and markets automated and semi-automated devices, and single-use processing disposables in the United States, Europe, Asia, and South America. Its products enable hospitals and blood banks to manufacture a therapeutic dose of stem cells, wound healing proteins, or growth factors from a single unit of cord blood or the patienta�s own blood. The company provides proprietary tools and technologies necessary for the collection, separation, expansion, storage, and delivery of stem cells from adult tissue sources, including cord blood, bone marrow, adipose, and placenta. Its products include AutoXpress Platform, which isolates and retrieves stem cells from umbilical cord blood; BioArchive System, an automated cryogenic system used in stem cell therapy to cryopreserve and archive stem cells and tissue for future transplant and treatment; MarrowXpress that isolates and retrieves stem cells from bone marrow aspirate; Res-Q used for bone marrow stem cell processing; Thermoline product line comprising the ultra-rapid plasma Thermoline Freezer and ultra-rapid plasma Thermoline Thawer; and CryoSeal Fibrin Sealant System, an automated system used to prepare an autologous hemostatic surgical sealant from a patienta�s own blood or from a single donor. The company was founded in 1985 and is based in Rancho Cordova, California.

Cerus Corporation (NASDAQ: CERS), a biomedical products company, engages in the development and commercialization of the INTERCEPT Blood System. The companya�s INTERCEPT system is designed to inactivate blood-borne pathogens in donated blood components intended for transfusion. It markets the INTERCEPT system for platelets and plasma primarily in Europe, the Russian Federation, and the Middle East. The company is also developing INTERCEPT Blood System for red blood cells or red blood cell system, which is designed to inactivate blood-borne pathogens in donated red blood cells for transfusion. It has collaboration agreements with Baxter International, Inc., BioOne Corporation, and Laboratorios Grifols S.A., as well as the United States Armed Forces. The company was founded in 1991 and is based in Concord, California.

Echelon Corporation (NASDAQ: ELON) develops, markets, and sells a range of hardware and software products and services that enable original equipment manufacturers and systems integrators to design and implement open, interoperable, and distributed control networks in the building, industrial, transportation, utility/home, and other automation markets. It offers network infrastructure products, LonWorks Infrastructure product line, including transceivers, control modules, routers, network interfaces, development tools, and software tools and toolkits. The company also provides networked energy services system that offers a two-way information and control path between the utility and its customer to the electric utility industry; and i.LON Internet server family of products, which provide Internet interface and local control capability for remote devices and systems to the system integrators serving the street lighting, remote facility monitoring, and energy management markets. Echelon Corporation sells and markets its products and services through direct sales organization, distributors, value-added resellers, and integration partners primarily in North America, Europe, Japan, the Peoplea�s Republic of China, and the other Asia Pacific countries. The company was founded in 1988 and is headquartered in San Jose, California.

Entropic Communications, Inc. (NASDAQ: ENTR), a fabless semiconductor company, engages in the design, development, and marketing of systems solutions to enable connected home entertainment. It offers home networking chipsets based on the Multimedia over Coax Alliance standard; high-speed broadband access chipsets; integrated circuits that simplify and enhance digital broadcast satellite services; and silicon TV tuner integrated circuits. The companya�s products provide solutions for the delivery of high-definition television-quality video and other multimedia content, such as movies, music, games, and photos into and throughout the connected home. It serves telecommunications carriers, cable multiple service operators, and DBS service providers. Entropic Communications has a collaboration agreement with Fresco Microchip Inc. to develop silicon-based hybrid receivers for next-generation televisions. The company was founded in 2001 and is headquartered in San Diego, California.

Open Text Corporation (NADSAQ: OTEX) develops, markets, sells, licenses, and supports Enterprise Content Management (ECM) solutions primarily in North America and Europe. The companya�s ECM software and solutions help customers manage their critical business content, including version revisions and compliance with regulatory requirements. Its Open Text ECM Suite enables corporations to manage traditional forms of content, such as images, office documents, graphics, and drawings, as well as to manage electronic content, including Web pages, email, and video. The companya�s Open Text ECM Suite comprises document management, collaboration, social media, Web content management, digital asset management, records management, email management, archiving, capture and delivery, business process management, and content reporting components. In addition, it offers industry-specific solutions based on the foundation of the Open Text ECM Suite for the government, high-technology/manufacturing, energy, financial services, pharmaceutical and life sciences, legal, and media sectors. Further, Open Text Corporation provides training, consulting, hosting services, and customer support programs. It has strategic alliances with SAP AG, Microsoft Corporation, and Oracle Corporation. The company was founded in 1991 and is headquartered in Waterloo, Canada.

Eagle Rock Energy Partners, L.P. (NASDAQ: EROC), together with its subsidiaries, engages in gathering, compressing, treating, processing, transporting, and selling natural gas, as well as in fractionating and transporting natural gas liquids (NGL). It also involves in acquiring, developing, and producing oil and natural gas working interests in Alabama and Texas; and acquiring and managing fee minerals and royalty interests. The company has natural gas gathering and processing assets in Texas Panhandle, east Texas/Louisiana, south Texas, west Texas, and the Gulf of Mexico. The Texas Panhandle operations include East Panhandle System and West Panhandle System. The East Panhandle System consists of approximately 1,100 miles of natural gas gathering pipelines; and 4 natural gas processing plants. The West Panhandle System has approximately 2,643 miles of natural gas gathering pipelines; 3 natural gas processing plants; 1 propane fractionation facility; and 1 condensate collection facility. The east Texas/Louisiana activities include approximately 1,145 miles of natural gas gathering pipelines; 2 cryogenic processing plants; 5 JT processing plants; and a 19-mile NGL pipeline. The south Texas operations consist of approximately 279 miles of natural gas pipeline; a compressor stations; and 3 processing stations. The Gulf of Mexico activities include approximately 40 miles of natural gas gathering pipelines; 2 cryogenic processing plants; and a NGL fractionator. Eagle Rock Energy GP, L.P. serves as the general partner of Eagle Rock Energy Partners, L.P. The company was founded in 2002 and is based in Houston, Texas. Eagle Rock Energy Partners, L.P. is subsidiary of Eagle Rock Holdings, L.P.

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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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