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GAME, ALTH, HCBK, LMDIA, TLAB, ATML With Highest Daily Short Volume On NASDAQ Friday

^{Published on 2009-09-27 16:32:15, Last Modified on 2010-12-22 14:48:20 - WOPRAI}
 

September 28, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Friday, September 25th, 2009 and come to the following statistical conclusions. There were 6,646 stocks with daily short volume reported and total NASDAQ trading volume of 1,693,811,630 shares. Total Daily Short Volume was 833,048,345 shares. 49.18% of all trading on the NASDAQ Friday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Shanda Games Limited (NASDAQ: GAME), Allos Therapeutics (NASDAQ: ALTH), Hudson City Bancorp (NASDAQ: HCBK), Liberty Entertainment Group (NASDAQ: LMDIA), Tellabs (NASDAQ: TLAB) and Atmel Corp (NASDAQ: ATML). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090925 GAME 6,689,384 32,153,564 Q 20.80%

20090925 ALTH 2,056,569 4,217,473 Q 48.76%

20090925 HCBK 1,649,757 2,537,202 Q 65.02%

20090925 LMDIA 1,416,833 2,089,919 Q 67.79%

20090925 TLAB 1,358,061 2,720,168 Q 49.93%

20090925 ATML 1,324,281 2,596,855 Q 51.00%

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.

Shanda Games (NASDAQ: GAME), the Chinese operator of online video games is China's largest operator of online games, with nearly 10 million active accounts. The company hosts so-called MMORPGs, or massively multi-player online role-playing games, under which users pay monthly subscriber fees as well as purchase items within the game. For the six months ended June 30, Shanda generated revenue of $321.9 million -- up 43% from the same period last year. Net income was $98.3 million, according to regulatory filings.

Allos Therapeutics, Inc. (NASDAQ: ALTH), a biopharmaceutical company, focuses on developing and commercializing small molecule drugs for the treatment of cancer. Its lead product candidate includes Pralatrexate, an antifolate under Phase II trial, which accumulates preferentially in cancer cells and treats patients with relapsed or refractory peripheral T-cell lymphoma. The company also offers RH1, a small molecule chemotherapeutic agent, which is under Phase I trial to treat patients with advanced solid tumors and non-Hodgkinais lymphoma. In addition, it is evaluating Pralatrexate in various Phases for the treatment of non-Hodgkin's Lymphoma and Hodgkin's disease, cutaneous T-cell lymphoma, non-small cell lung cancer, bladder cancer, and other solid tumor indications. The company was formerly known as HemoTech Sciences, Inc. and changed its name to Allos Therapeutics, Inc. in October 1994. Allos Therapeutics, Inc. was founded in 1992 and is headquartered in Westminster, Colorado.

Hudson City Bancorp, Inc. (NASDAQ: HCBK) operates as the bank holding company for Hudson City Savings Bank that provides a range of retail banking services in the states of New Jersey, New York, and Connecticut. It offers a range of deposit accounts, including passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, as well as IRA accounts and qualified retirement plans. The companyais loan portfolio primarily comprises one-to four-family residential first mortgage loans; multi-family and commercial mortgage loans; construction loans; and consumer loans, such as fixed-rate second mortgage loans and home equity credit line loans, as well as collateralized passbook loans, overdraft protection loans, and secured and unsecured commercial lines of credit. As of December 31, 2008, it operated 93 branches located in 9 counties throughout the State of New Jersey; 9 branch offices in Westchester County, 9 branch offices in Suffolk County, 1 branch office each in Putnam and Rockland Counties, and 5 branch offices in Richmond County located in New York; and 9 branch offices in Fairfield County, Connecticut. The company was founded in 1868 and is based in Paramus, New Jersey.

Liberty Entertainment Group (NASDAQ: LMDIA) focuses primarily on video programming, communications businesses, and the direct-to-home satellite distribution business. It offers premium movie networks and programming distributed by cable, direct-to-home satellite, telephony, the Internet, broadcast television, and other distribution media providers in the United States; and provides free online games, information, and entertainment for sports fans. The company also develops and distributes online skill, casual, and fantasy sports games, which include pay-for-play, person-to-person, and tournament-based interactive skill and free games; and provides fantasy sports services, which comprise fantasy sports games, editorial content, fantasy sports league-hosting software, and games to third parties under private-label distribution arrangements. In addition, it offers direct-to-home (DTH) digital television services, as well as multi-channel video programming distribution services in the United States; and DTH digital television services comprising a selection of local and international programming under the DIRECTV and the SKY brands in Latin America and the Caribbean. Further, the company operates three regional sports networks, as well as owns interests in a communication company that delivers two-way broadband Internet access via satellite to homes and small businesses in rural markets. The company offers digital television entertainment programming to residential and commercial subscribers. It distributes approximately 2,000 digital video and audio channels, including 200 basic entertainment and music channels, 40 premium movie channels, 50 regional and specialty sports networks, 125 Spanish and other foreign language special interest channels, 31 pay-per-view movie and event choices, and 130 national high definition television channels. Liberty Entertainment Group is headquartered in Englewood, Colorado.

Tellabs, Inc. (NASDAQ: TLAB) designs, develops, deploys, and supports telecommunications networking products for telecommunications service providers worldwide. Its products and services enable customers to deliver wireline and wireless voice, data, and video services to business and residential customers. The company operates through three segments: Broadband, Transport, and Services. The Broadband segment provides access products that enable service providers to deliver bundled voice, video, and high-speed Internet/data services over copper or fiber networks; managed access transport products, which deliver wireless and business services primarily outside of the United States; and data products, including packet-switched products that enable wireline and wireless carriers to deliver business services and next-generation wireless services. The Transport segment enables service providers to transport services and manage bandwidth; and wireline and wireless providers to support wireless and business services for enterprises, as well as provides triple-play voice, video, and data services. The Services segment delivers deployment, training, support, and professional services to support various phases of the network, such as planning, building, and operating. The company sells its products and services through its direct sales organization, value-added resellers, distributors, and public and private network providers. Its customers include communication services providers, including local exchange carriers; national post, telephone, and telegraph administrators; wireless service providers; multiple system operators; competitive service providers; distributors; original equipment manufacturers; system integrators; and government agencies. The company was founded in 1974 and is headquartered in Naperville, Illinois.

Atmel Corporation (NASDAQ: ATML) engages in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory, and radio frequency (RF) components. It provides the electronics industry with complete microcontroller based system solutions focused on consumer, industrial, security, communications, computing, and automotive markets. The companyais products include single-chip touch solutions for integrated, small footprint designs; 8-bit and 32-bit AVR platforms, embedded ARM-based products, and 8051 8-bit based industry standard microcontroller products; ICs for AC and DC motor control, temperature control, and illumination control; contactless RFID products and reader chips for a complete RFID system; security and smart card ICs; and analog companion ICs. It also offers GPS based ICs; cellular/infrastructure and corded/cordless phone ICs; ICs for various RF applications and wireless devices; serial and parallel electrically erasable programmable read-only memory (EEPROM) and flash memory products; EEPROMs; automotive RF solutions; ASICs for the military and avionics; EPLD military devices; and programmable logic products. Atmel Corporation sells its products to original equipment manufacturers directly; and indirectly through distributors in the United States, Asia, Europe, and internationally. The company was founded in 1984 and is headquartered in San Jose, California.

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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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