Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, September 25, 2009
Thu, September 24, 2009 American Greetings (AM) Daily Short Sale Trading Volume Through 9-23-09
September 24, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Wednesday, September 23rd, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in American Greetings (NYSE: AM) for August through September 23, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
9/23/2009 55,440 420,912 13.17%
9/22/2009 48,490 398,400 12.17%
9/21/2009 26,407 251,500 10.50%
9/18/2009 43,817 391,000 11.21%
9/17/2009 52,511 313,700 16.74%
9/16/2009 12,206 176,000 6.94%
9/15/2009 34,067 221,100 15.41%
9/14/2009 18,984 151,500 12.53%
9/11/2009 28,493 188,500 15.12%
9/10/2009 25,745 412,100 6.25%
9/9/2009 22,178 276,700 8.02%
9/8/2009 29,871 237,100 12.60%
9/4/2009 19,825 238,400 8.32%
9/3/2009 55,468 252,300 21.98%
9/2/2009 84,433 409,300 20.63%
9/1/2009 114,986 553,800 20.76%
8/31/2009 55,063 558,500 9.86%
8/28/2009 110,808 413,400 26.80%
8/27/2009 82,434 338,700 24.34%
8/26/2009 19,030 219,600 8.67%
8/25/2009 29,717 253,800 11.71%
8/24/2009 20,150 192,600 10.46%
8/21/2009 39,571 312,200 12.67%
8/20/2009 34,678 386,800 8.97%
8/19/2009 29,698 284,200 10.45%
8/18/2009 52,616 357,200 14.73%
8/17/2009 53,779 417,500 12.88%
8/14/2009 60,695 429,900 14.12%
8/13/2009 37,063 264,400 14.02%
8/12/2009 126,262 428,100 29.49%
8/11/2009 54,935 300,700 18.27%
8/10/2009 79,193 494,700 16.01%
8/7/2009 89,506 389,300 22.99%
8/6/2009 90,660 668,100 13.57%
8/5/2009 73,030 518,700 14.08%
8/4/2009 50,377 336,600 14.97%
8/3/2009 93,957 773,400 12.15%
Total 1,956,143 13,230,712 14.78%
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.
American Greetings Corporation (NYSE: AM), together with its subsidiaries, engages in the design, manufacture, and sale of greeting cards and other social expression products worldwide. It offers everyday and seasonal greeting cards, gift wrap, party goods, calendars, stationery, giftware, and custom display fixtures. The company also distributes social expression products, including electronic greetings, physical products incorporating consumer photos, and a range of graphics and digital services and products through various electronic channels, such as Web sites, Internet portals, instant messaging services, and electronic mobile devices. In addition, it creates and licenses its intellectual properties, such as the aCare Bearai and aStrawberry Shortcakeai characters. The companyais domestic greeting card brands comprise American Greetings, Carlton Cards, Gibson, Tender Thoughts, Just For You, Recycled Paper, and Papyrus; and other domestic products include DesignWare party goods, Plus Mark gift wrap and boxed cards, DateWorks calendars, and AGI In-Store display fixtures. Its Internet brands primarily consist of AmericanGreetings.com, BlueMountain.com, Egreetings.com, Kiwee.com, PhotoWorks.com, and Webshots.com. American Greetings Corporation distributes its products primarily through mass merchandisers, drug stores, and supermarket chains. The company was founded in 1906 and is headquartered in Cleveland, Ohio.
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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