Stocks & Investing
Stocks and Investing
Stocks and Investing
Mon, September 28, 2009
Sun, September 27, 2009
Fri, September 25, 2009 KB Home (KBH) Daily Short Sale Trading Volume Through 9-24-09
September 25, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Thursday, September 24th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in KB Home (NYSE: KBH) for August through September 24, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
9/24/2009 1,406,387 6,612,088 21.27%
9/23/2009 839,257 5,393,800 15.56%
9/22/2009 554,465 3,847,300 14.41%
9/21/2009 591,745 3,268,200 18.11%
9/18/2009 952,754 8,177,300 11.65%
9/17/2009 870,103 4,705,400 18.49%
9/16/2009 747,091 4,257,600 17.55%
9/15/2009 639,982 3,247,700 19.71%
9/14/2009 645,486 3,003,700 21.49%
9/11/2009 515,772 4,483,100 11.50%
9/10/2009 826,840 4,186,000 19.75%
9/9/2009 419,987 2,559,400 16.41%
9/8/2009 806,856 3,738,500 21.58%
9/4/2009 458,855 2,158,400 21.26%
9/3/2009 513,919 3,327,100 15.45%
9/2/2009 785,769 3,988,800 19.70%
9/1/2009 565,172 2,779,300 20.34%
8/31/2009 554,723 3,409,000 16.27%
8/28/2009 363,349 2,140,700 16.97%
8/27/2009 399,583 3,195,700 12.50%
8/26/2009 621,286 3,631,300 17.11%
8/25/2009 608,475 3,877,600 15.69%
8/24/2009 568,525 3,001,000 18.94%
8/21/2009 694,177 3,497,100 19.85%
8/20/2009 297,463 1,919,100 15.50%
8/19/2009 235,857 1,780,900 13.24%
8/18/2009 548,859 2,918,000 18.81%
8/17/2009 501,736 2,558,300 19.61%
8/14/2009 645,848 2,995,500 21.56%
8/13/2009 808,172 3,903,900 20.70%
8/12/2009 632,987 3,182,400 19.89%
8/11/2009 834,328 3,152,800 26.46%
8/10/2009 743,979 2,748,200 27.07%
8/7/2009 740,398 4,360,400 16.98%
8/6/2009 747,777 3,938,700 18.99%
8/5/2009 762,437 3,223,800 23.65%
8/4/2009 879,015 3,762,600 23.36%
8/3/2009 801,642 3,850,800 20.82%
Total 25,131,056 136,781,488 18.37%
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.
KB Home (NYSE: KBH) constructs and sells homes in the United States. The company builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums, designed primarily for first-time, first move-up, and adult buyers. It also offers mortgage services in a joint venture with Countrywide KB Home Loans. In addition, the company, through its subsidiary, KB Home Mortgage Company, provides title and insurance services to its homebuyers. KB Home sells homes under various purchase contracts in Arizona, California, Colorado, Florida, Georgia, Nevada, New Mexico, North Carolina, South Carolina, and Texas. The company was founded in 1957 and is headquartered in Los Angeles, California.
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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