Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, September 25, 2009
Thu, September 24, 2009 Baidu.com (BIDU) 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 Baidu.com (NASDAQ: BIDU) 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 298,308 1,417,922 21.04%
9/22/2009 368,784 1,610,600 22.90%
9/21/2009 387,913 1,398,300 27.74%
9/18/2009 361,080 1,385,500 26.06%
9/17/2009 638,982 2,219,600 28.79%
9/16/2009 723,737 2,681,100 26.99%
9/15/2009 1,058,423 3,646,500 29.03%
9/14/2009 460,270 1,768,400 26.03%
9/11/2009 461,431 1,680,600 27.46%
9/10/2009 718,189 2,072,500 34.65%
9/9/2009 640,698 2,013,700 31.82%
9/8/2009 731,975 2,444,900 29.94%
9/4/2009 595,402 2,080,600 28.62%
9/3/2009 204,149 956,200 21.35%
9/2/2009 588,838 1,890,400 31.15%
9/1/2009 613,824 2,433,200 25.23%
8/31/2009 282,598 1,330,001 21.25%
8/28/2009 305,893 1,095,900 27.91%
8/27/2009 259,015 987,900 26.22%
8/26/2009 301,871 1,054,000 28.64%
8/25/2009 367,436 1,112,800 33.02%
8/24/2009 450,340 1,332,900 33.79%
8/21/2009 527,593 1,577,400 33.45%
8/20/2009 476,944 1,385,800 34.42%
8/19/2009 616,493 1,947,300 31.66%
8/18/2009 528,971 1,558,300 33.95%
8/17/2009 642,125 2,149,100 29.88%
8/14/2009 400,904 1,431,900 28.00%
8/13/2009 326,548 1,147,300 28.46%
8/12/2009 396,960 1,081,300 36.71%
8/11/2009 367,750 1,062,200 34.62%
8/10/2009 451,703 1,268,100 35.62%
8/7/2009 543,011 1,417,900 38.30%
8/6/2009 465,661 1,337,700 34.81%
8/5/2009 289,515 1,166,500 24.82%
8/4/2009 415,403 1,245,300 33.36%
8/3/2009 486,222 1,383,000 35.16%
Total 17,754,959 59,772,623 29.70%
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.
Baidu, Inc. (NASDAQ: BIDU) provides Chinese language Internet search services primarily in the People's Republic of China and Japan. The company offers a Chinese language search platform that enables users to find online information, such as Web pages, news, images, and multimedia files. Its products include Baidu Web Search that allows users to locate information, products, and services using Chinese language search terms; Baidu Post Bar and Baidu Knows, which provides users with a query-based searchable community; and Baidu News that provides links to local, national, and international news. The company also provides Baidu MP3 Search that provides algorithm-generated links to songs and other multimedia files; Baidu Image Search to search various images on the net; Baidu Video Search to search for and access through hyperlinks of online video clips that are hosted on third partiesa� Web sites; and Baidu Space to create personalized homepages in a query-based searchable community. In addition, it offers Baidu Hi, an IM service; Baidu Youa, an online C2C platform; Baidu Safety Center for virus scanning, system repair, and online security evaluations; Baidu Desktop Search, a downloadable software that enables users to search various files saved on their computer; Baidu Sobar, which makes search function available on every Web page that a user browses; Baidu Anti-Virus for anti-virus software products and computer virus-related news; and Baidu Internet TV that allows users to search, watch, and download various shows and programs. Baidu, Inc. serves SMEs and corporations, as well as e-commerce, IT services, consumer products, electronic products, machinery, manufacturing, medical, entertainment, education, franchising, financial services, real estate, ticketing, and tourism industries. The company was formerly known as Baidu.com, Inc. and changed its name to Baidu, Inc. in December 2008. Baidu, Inc. was founded in 2000 and is headquartered in Beijing, the People's Republic of China.
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 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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