Stocks & Investing
Stocks and Investing
Stocks and Investing
Thu, September 24, 2009
Wed, September 23, 2009 Grubb and Ellis (GBE) Daily Short Sale Trading Volume Through 9-22-09
September 23, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Tuesday, September 22nd, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Grubb and Ellis (NYSE: GBE) for August through September 22, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
9/22/2009 211,698 3,783,400 5.60%
9/21/2009 53,874 1,468,300 3.67%
9/18/2009 171,828 2,786,800 6.17%
9/17/2009 65,003 551,900 11.78%
9/16/2009 37,415 723,500 5.17%
9/15/2009 152,405 1,499,800 10.16%
9/14/2009 10,000 169,000 5.92%
9/11/2009 5,400 180,400 2.99%
9/10/2009 10,800 191,400 5.64%
9/9/2009 23,850 342,900 6.96%
9/8/2009 24,503 244,100 10.04%
9/4/2009 257,405 1,602,000 16.07%
9/3/2009 22,811 353,800 6.45%
9/2/2009 45,942 355,200 12.93%
9/1/2009 66,167 427,000 15.50%
8/31/2009 31,987 376,100 8.50%
8/28/2009 168,339 1,263,400 13.32%
8/27/2009 356,494 3,663,000 9.73%
8/26/2009 256,595 3,023,800 8.49%
8/25/2009 166,110 334,700 49.63%
8/24/2009 28,328 222,100 12.75%
8/21/2009 45,159 233,300 19.36%
8/20/2009 3,400 169,700 2.00%
8/19/2009 62,075 296,300 20.95%
8/18/2009 9,600 203,600 4.72%
8/17/2009 68,871 468,500 14.70%
8/14/2009 40,500 265,000 15.28%
8/13/2009 7,041 229,200 3.07%
8/12/2009 1,900 108,000 1.76%
8/11/2009 76,500 524,900 14.57%
8/10/2009 68,740 390,800 17.59%
8/7/2009 71,212 634,100 11.23%
8/6/2009 40,500 642,900 6.30%
8/5/2009 247,447 898,100 27.55%
8/4/2009 89,578 470,500 19.04%
8/3/2009 14,300 325,600 4.39%
Total 3,013,777 29,423,100 10.24%
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.
Grubb & Ellis Company (NYSE: GBE) operates as a commercial real estate services and investment management company. With 127 owned and affiliate offices worldwide (54 owned and approximately 73 affiliates), the company offers property owners, corporate occupants and program investors comprehensive integrated real estate solutions, including transactions, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise. Segments The company operating business segments: Investment Management, which includes providing acquisition, financing and disposition services with respect to its programs, asset management services related to its programs, and dealer-manager services by its securities broker-dealer, which facilitates capital raising transactions for its TIC, REIT and other investment programs; Transaction Services, which comprises its real estate brokerage operations; and Management Services, which includes property management, corporate facilities management, project management, client accounting, business services and engineering services for unrelated third parties and the properties owned by the programs it sponsors. Transaction Services Grubb & Ellis operates in the commercial real estate industry. It creates, buys, sells, and leases opportunities for both users and owners of commercial real estate. As one of the commercial real estate brokerage company in the United States, Grubb & Ellisai traditional real estate services provide services to the companyais real estate investment programs by offering a comprehensive market view and local area expertise. Through the companyais specialty practice groups, known as aSpecialty Councils,ai key personnel share information regarding local, regional and national industry trends and participate in national marketing activities, including trade shows and seminars. The companyais affiliation agreements provide for exclusive mutual referrals in their respective markets. Through its affiliate offices, the company has access to approximately 1,000 brokers with local market research capabilities. The companyais Corporate Services Group provides comprehensive coordination of all required real estate related services to help realize the needs of clientsai real estate portfolios. These services include consulting services, lease administration, strategic planning, project management, account management and international services. As of December 31, 2008, Grubb & Ellis had approximately 1,800 brokers at its owned and affiliate offices. Management Services Grubb & Ellis delivers integrated property, facility, asset, construction, business and engineering management services to a host of corporate and institutional clients. The company offers customized programs that focus on operations and tenant retention. The company manages a comprehensive range of properties including headquarters, facilities and class A office space for major corporations. Additionally, Grubb & Ellis provides consulting services, including site selection, feasibility studies, exit strategies, market forecasts, appraisals, strategic planning and research services. As of December 31, 2008, Grubb & Ellis managed approximately 231.0 million square feet, of which 184.1 million were from third parties and 46.9 million related to its investment management programs. Investment Management The company and its subsidiaries are sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a range of real estate investment vehicles, including tax-deferred 1031 TIC exchanges, public non-traded REITs and real estate investment funds. Investment management products are distributed through the companyais broker-dealer subsidiary, Grubb & Ellis Securities Inc. (GBE Securities). GBE Securities is registered with the Securities and Exchange Commission (the aSECai), the Financial Industry Regulatory Authority (FINRA) and all 50 states. GBE Securities has agreements with a network of broker dealers with approximately 219 selling relationships providing access to approximately 38,000 licensed registered representatives as of December 31, 2008. Grubb & Ellis Realty Investors, LLC (GERI), a subsidiary of the company, operates in the securitized TIC industry. The company sponsors approximately 150 TIC Programs and has taken approximately 50 programs full cycle. The company sponsors two demographically focused programs that are actively raising capital, Grubb & Ellis Healthcare REIT, Inc. and Grubb & Ellis Apartment REIT, Inc. In February 2008, the company launched its Private Client Management program for high net worth investors. This platform provides comprehensive real estate investment and advisory services to high net worth investors, offering qualified individuals, entities and corporations. Private Client Management is open to all qualified investors seeking to build or expand their commercial real estate portfolio, whether their investment objectives are tax-deferred 1031 exchange driven or not. In 2008, the company started a family of U.S. and global open end mutual funds that focus on real estate securities and manage private investment funds for qualified investors through its 51% ownership in Grubb & Ellis Alesco Global Advisors, LLC (Alesco). The company, through its subsidiary, Alesco, serves as the general partner and investment advisor to six hedge fund limited partnerships, five of which are required to be consolidated: Grubb & Ellis AGA Realty Income Fund, LP, AGA Strategic Realty Fund, L.P., AGA Global Realty Fund LP and AGA Realty Income Partners LP, and one mutual fund which is required to be consolidated, Grubb & Ellis Realty Income Fund. Through its multi-family platform, the company provides investment management services for TIC and REIT apartment products and manages approximately 13,000 apartment units through Grubb & Ellis Residential Management, Inc., the companyais multi-family management services subsidiary. Competition The companyais significant competitors include CB Richard Ellis, Jones Lang LaSalle, and Cushman & Wakefield.
About BUYINS.NET
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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