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49.45% Of All NASDAQ Trading Thursday Was Short Selling. WAVX, MERX, TONE, NANO, LDIS, ORBC Highest % Of Daily Trading Volume

^{Published on 2009-09-24 15:02:42, Last Modified on 2010-12-22 14:47:42 - WOPRAI}
 

September 25, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Thursday, September 24th, 2009 and come to the following statistical conclusions. There were 6,792 stocks with daily short volume reported and total NASDAQ trading volume of 1,999,968,744 shares. Total Daily Short Volume was 989,068,759 shares. 49.45% of all trading on the NASDAQ Thursday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Wave Systems (NASDAQ: WAVX), Merix Corp (NASDAQ: MERX), TierOne (NASDAQ: TONE), Nanometrics (NASDAQ: NANO), Leadis Technology (NASDAQ: LDIS) and ORBCOMM (NASDAQ: ORBC). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090924 WAVX 65,222 67,828 Q 96.16%

20090924 MERX 58,566 63,826 Q 91.76%

20090924 TONE 74,618 83,918 Q 88.92%

20090924 NANO 81,572 101,722 Q 80.19%

20090924 LDIS 79,100 99,083 Q 79.83%

20090924 ORBC 203,924 255,447 Q 79.83%

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.

Wave Systems Corp. (NASDAQ: WAVX) develops, produces, and markets products for hardware-based digital security applications and services. It offers EMBASSY (EMBedded Application Security SYstem) Trust System, a combination of the security chip and a back-office infrastructure that manages its security functions. The company also provides EMBASSY Trust Suite to bring functionality and user value to trusted platform module (TPM) enabled products; Trusted Computing Group (TCG) enabled toolkit that assists application developers writing new applications or modifying existing ones; and TCG-Enabled Cryptographic Service Provider, which allows software developers to utilize the security of a TCG standards-based platform. In addition, Wave Systems Corp. offers EMBASSY Key Management Server, a server application designed to provide corporate-level backup and transition of the TPM keys; EMBASSY Authentication Server that provides centralized management, provisioning, and enforcement of multifactor domain access policies based on TPM credentials, smart card credentials, user passwords, and fingerprint templates; and EMBASSY Remote Administration Server, a server product that provides centralized management and auditing of TPM and trusted drives. Further, the company provides digital signature and electronic document management products that connects signers, as well as institutions, such as banks, insurance companies, and enterprises. Additionally, it offers SmartSignature Server, a server-side electronic signature application, which enables individuals to electronically sign and store virtually any format of document. Wave Systems Corp. serves chip original equipment manufacturers (OEMs), PC OEMs, enterprise customers, and systems integrators. The company was formerly known as Cryptologics International, Inc. and changed its name to Wave Systems Corp. in January 1993. Wave Systems Corp. was founded in 1988 and is based in Lee, Massachusetts.

Merix Corporation (NASDAQ: MERX), a manufacturing service provider, offers multilayer printed circuit boards (PCBs) for original equipment manufacturer customers and their electronic manufacturing service providers in North America, Europe, and Asia. The companyais products include complex multi-layer rigid PCBs, which serve as the platforms used to interconnect microprocessors, integrated circuits, and other electronic components that are essential to the operation of electronic products and systems. Merix Corporation also provides design and engineering assistance in the early stages of product development, such as design-specific guidance on material selection, fabrication options, impedance modeling, thermal management, signal integrity, and design rule flexibility. In addition, it provides quick-turn services for prototype manufacturing. Further, the company manufactures PCBs using various advanced insulating materials, primarily for RF/Microwave applications in the wireless infrastructure market; and offers thermal management solutions to manage heat in high performance applications, such as RF/Microwave, and address thermal and signal integrity requirements in high-power wireless products. It serves automotive, defense and aerospace, communications, computing, industrial, networking, peripherals, and test end markets. Merix Corporation offers its services and products through a field-based direct sales force, factory-based service personnel, field application engineers, and manufacturersai representative firms. The company was founded in 1959 and is headquartered in Beaverton, Oregon.

TierOne Corporation (NASDAQ: TONE) operates as the holding company for TierOne Bank that provides a range of consumer, commercial, and agricultural banking products and services in the United States. The companyais deposit products include interest and noninterest-bearing checking, money market, savings, time deposits, and individual retirement accounts. Its lending portfolio comprises real estate loans, such as one-to-four family residential, second mortgage residential, multi-family residential, commercial real estate, land and land development, residential construction, commercial construction, and agriculture loans; warehouse mortgage lines of credit; and consumer loans, including home equity and home improvement loans, and home equity lines of credit. In addition, the company provides a range of investment and insurance products, equity securities, mutual funds, and annuities through licensed representatives, as well as reinsures credit life and disability insurance. Further, it provides agricultural customers with professional farm and ranch management, and real estate brokerage services. As of May 21, 2009, TierOne Corporation operated through a network of 69 banking offices in Nebraska, Iowa, and Kansas. The company was founded in 1907 and is headquartered in Lincoln, Nebraska.

Nanometrics Incorporated (NASDAQ: NANO), together with its subsidiaries, designs, manufactures, markets, sells, and supports thin film, optical critical dimension, and overlay dimension metrology systems. It offers metrology systems, which include standalone and fully automated systems for high-volume semiconductor manufacturing process control; integrated systems incorporated onto semiconductor and solar photovoltaics (PV) processing systems that provide real-time measurements and feedback; and standalone manual and semi-automated systems used to monitor material characteristics of various silicon and compound semiconductor devices and substrates. The companyais products also include fourier-transform infrared and photoluminescence metrology systems. Its products are used primarily in manufacturing of semiconductors, solar PV, and high-brightness LEDs, as well as by customers in silicon wafer and data storage industries. The company offers its products through direct sales force, distributors, and representatives in Asia, the United States, and Europe. Nanometrics Incorporated was founded in 1975 and is headquartered in Milpitas, California.

Leadis Technology, Inc. (NASDAQ: LDIS) engages in the design, development, and marketing of analog and mixed-signal semiconductor products. The company offers light-emitting diode (LED) driver products for portable backlighting and flash applications, such as flash or lamp LEDs in cell phone cameras. It also provides consumer audio analog integrated circuits to manufacturers for use in the consumer electronics, point-of-sale systems, public information displays, industrial and climate control systems, and household appliances. In addition, Leadis Technology, Inc. licenses its EPiC technology to ASTEK, Inc. It sells its products through direct sales force and independent distributors primarily in the United States, China, Japan, Korea, and Taiwan. The company was founded in 2000 and is headquartered in Sunnyvale, California.

ORBCOMM Inc. (NASDAQ: ORBC), a satellite-based data communication company, operates a two-way wireless data messaging system optimized for narrowband data communications in the United States and internationally. Its system consists of a network of 27 low-Earth orbit satellites, and accompanying ground infrastructure. The companyais two-way communications system enables its customers and end-users, including businesses and government agencies to track, monitor, control, and communicate with fixed and mobile assets located worldwide. It also offers terrestrial-based cellular communication services through reseller agreements with cellular wireless providers. The company markets and sells its products and services directly to original equipment manufacturers and government customers; and indirectly through value-added resellers (VARS), international VARs and licensees, and country representatives in the commercial and consumer transportation, heavy equipment, fixed asset monitoring, marine vessels, and government and homeland security markets. ORBCOMM has strategic relationships with Delphi Automotive Systems LLC, General Electric Company, and the U.S. Coast Guard. As of December 31, 2008, it had approximately 460,000 billable subscriber communicators activated on its communications system. The company was founded in 2001 and is based in Fort Lee, New Jersey.

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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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