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BPOP, XLNX, SBUX, MRVL, NVDA, NTAP With Highest Daily Short Volume On NASDAQ Wednesday

^{Published on 2009-09-23 15:44:41, Last Modified on 2010-12-22 14:47:05 - 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 the highest daily short volume yesterday. Popular (NASDAQ: BPOP), Xilinx (NASDAQ: XLNX), Starbucks (NASDAQ: SBUX), Marvell Technology Group (NASDAQ: MRVL), NVIDIA Corp (NASDAQ: NVDA) and NetApp (NASDAQ: NTAP). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090923 BPOP 3,061,348 5,981,932 Q 51.18%

20090923 XLNX 2,745,756 5,808,444 Q 47.27%

20090923 SBUX 2,075,699 4,108,892 Q 50.52%

20090923 MRVL 2,001,561 3,729,546 Q 53.67%

20090923 NVDA 1,936,374 3,694,665 Q 52.41%

20090923 NTAP 1,688,551 2,702,335 Q 62.48%

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.

Popular, Inc. (NASDAQ: BPOP), through its subsidiaries, provides a range of retail and commercial banking products and services in Puerto Rico, the United States, Venezuela, and the Dominican Republic. It also provides vehicle financing, leasing, and daily rental services; mortgage loans; and insurance agency and brokerage, and reinsurance services, as well as offers financial advisory, investment, and security brokerage services for institutional and retail customers. As of December 31, 2008, the company operated 179 branches and approximately 600 automated teller machines in Puerto Rico, 7 branches in the U.S. Virgin Islands, 1 branch in the British Virgin Islands, and 1 branch in New York. In addition, it provides financial transaction processing and information technology solutions and services in the United States, the Caribbean, and Latin America. Further, the company develops financial processing software applications; sells hardware products, such as ATM, POS, and communication products; and provides ATM switching and driving services. Popular, Inc. was founded in 1917 and is headquartered in Hato Rey, Puerto Rico.

Xilinx, Inc. (NASDAQ: XLNX) engages in the design, development, and marketing of programmable logic solutions. It offers advanced integrated circuits in the form of programmable logic devices (PLDs); software design tools to program the PLDs; predefined system functions as intellectual property (IP) cores; design services; customer training; and field engineering and technical support solutions. The PLDs include field programmable gate arrays and complex programmable logic devices, which customers program to perform desired logic functions. The company provides its solutions for electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and data processing. It also offers targeted design platforms comprising reference designs, target boards, application software, design tools, IP, and silicon; Xilinx ISE, a design suite that enables designers to target area, performance, or power, as well as integrates with third-party electronic design automation software offerings and point-tool solutions. In addition, the company provides IP components to meet timing parameters, as well as domain-specific IP; development boards, reference designs, kits, and configuration products; and an ecosystem of IP, boards, tools, services, and support. Further, it offers engineering and third-party alliance member services, such as training, full design creation, and implementation. It sells its products to original equipment manufacturers and electronic components distributors through independent domestic and foreign distributors, direct sales, network of independent sales representative firms, and a direct sales management organization in North America, the Asia Pacific, Europe, and Japan. The company was founded in 1984 and is headquartered in San Jose, California.

Starbucks Corporation (NASDAQ: SBUX) engages in the purchase, roasting, and sale of whole bean coffees worldwide. It offers brewed coffees, Italian-style espresso beverages, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs, through its retail stores. The company also sells and licenses its trademark through other channels. In addition, Starbucks Corporation produces and sells ready-to-drink beverages, which include bottled beverages and espresso drinks, and a line of ice creams. Its brand portfolio includes superpremium Tazo teas, Starbucks Hear Music compact discs, Seattleais Best Coffee, and Torrefazione Italia coffee. As of September 30, 2007, the company operated 8,505 retail stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington.

Marvell Technology Group Ltd. (NASDAQ: MRVL) designs, develops, and markets analog, mixed-signal, and digital signal processing and embedded microprocessor integrated circuits. The company offers storage products, including read channel, hard disk controller, system-on-a-chip solution, and tape drive controllers for hard disk drives, tape drive electronics, optical disk drives, solid-state flash drives, and storage subsystems technology; and switching products, which include Prestera switch family, Link Street multi-port integrated switch family, and Link Street gateway products. It also provides communications controller and embedded processor products, such as Discovery Innovation, Discovery system controllers, Horizon WAN communication controllers, Kirkwood embedded processor, and Orion embedded processor used in routers, switches, digital subscriber line access multiplexers, access concentrators, wireless base stations, VoIP gateways, and storage area networks; and enterprise transceiver and PC connectivity products, including Alaska and Alaska X 10 Gigabit Ethernet transceiver families, and Yukon Gigabit Ethernet PC connectivity products. In addition, the company offers cellular and handheld products that include communications processors, applications processors, and ecosystem partners; wireless products, such as Libertas wireless LAN family; personal area networking products, including bluetooth wireless networking family; printing ASIC products; and digital video processing products. It also provides power management and green technology products, including DSP switcher integrated regulators, DSP switcher integrated regulator modules, and digital PFC controllers. Marvell serves business enterprise, consumer electronics, and emerging markets primarily in the United States, Israel, Singapore, Germany, Canada, China, Hong Kong, India, Italy, Japan, Korea, Malaysia, Switzerland, Taiwan, and the United Kingdom. The company was founded in 1995 and is based in Hamilton, Bermuda.

NVIDIA Corporation (NASDAQ: NVDA) provides visual computing technologies designed to generate interactive graphics on consumer and professional computing devices. It operates in four segments: Graphic Processing Unit (GPU), Professional Solutions Business (PSB), Media and Communications Processor (MCP), and Consumer Products Business (CPB). The GPU segment comprises products that support desktop and notebook personal computers, and memory products. The PSB segment offers professional workstation products and other professional graphics products, including high-performance computing products. The MCP segment consists of NVIDIA nForce core logic and motherboard GPU products. The CPB segment provides mobile brands and products that support handheld personal media players, personal digital assistants, cellular phones, and other handheld devices. This segment also licenses video game consoles and other digital consumer electronics devices. NVIDIA markets its products to original equipment manufacturers, original design manufacturers, add-in-card manufacturers, system builders, and consumer electronics companies worldwide. The company was founded in 1993 and is headquartered in Santa Clara, California.

NetApp, Inc. (NASDAQ: NTAP) provides enterprise storage and data management software and hardware products and services. It offers fabric-attached storage and V-series storage solutions, which supports mix of storage area network, network-attached storage, and Internet protocol SAN environments; data management software; and storage management and application integration software. The company also provides data protection software products, data retention and archive products, and storage security products, as well as performance acceleration module, which optimizes the performance of random read intensive workloads, such as file services and messaging. In addition, it offers professional, support, and customer education and training services. The company provides its solutions for business applications, storage for virtual servers, and disk-to-disk backup; continuous availability of critical business data and simplify business processes; and storing, managing, protecting, and archiving business data. It markets and sells its products to energy, financial services, government, high technology, Internet, life sciences and healthcare services, major manufacturing, media, entertainment, animation and video postproduction, and telecommunications industries in the United States, Germany, and internationally. The company was formerly known as Network Appliance, Inc. and changed its name to NetApp, Inc. in March 2008. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

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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 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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