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Luna Innovations (LUNA) Daily Short Sale Trading Volume Through 9-25-09

^{Published on 2009-09-28 07:46:17, Last Modified on 2010-12-22 14:48:29 - WOPRAI}
 

September 28, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Friday, September 25th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Luna Innovations (NASDAQ: LUNA) for August through September 25, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Short Volume Total Volume Percent

9/25/2009 1,442,771 11,371,400 12.69%

9/24/2009 18,750 298,200 6.29%

9/23/2009 42,142 391,400 10.77%

9/22/2009 37,036 535,700 6.91%

9/21/2009 27,531 209,500 13.14%

9/18/2009 740 21,300 3.47%

9/17/2009 900 42,800 2.10%

9/16/2009 1,350 49,200 2.74%

9/15/2009 7,100 50,900 13.95%

9/14/2009 7,299 27,800 26.26%

9/11/2009 13,833 132,700 10.42%

9/10/2009 2,600 65,800 3.95%

9/9/2009 300 43,400 0.69%

9/8/2009 12,630 108,000 11.69%

9/4/2009 5,950 222,400 2.68%

9/3/2009 6,600 84,200 7.84%

9/2/2009 1,500 44,400 3.38%

9/1/2009 0 30,900 0.00%

8/31/2009 9,035 29,616 30.51%

8/28/2009 2,900 46,000 6.30%

8/27/2009 4,820 111,000 4.34%

8/26/2009 12,500 73,900 16.91%

8/25/2009 86,795 207,000 41.93%

8/24/2009 78,605 477,200 16.47%

8/21/2009 80,408 454,300 17.70%

8/20/2009 0 14,700 0.00%

8/19/2009 6,984 24,000 29.10%

8/18/2009 3,900 0.00%

8/17/2009 1,900 11,900 15.97%

8/14/2009 0 30,200 0.00%

8/13/2009 29,200 56,700 51.50%

8/12/2009 17,764 51,800 34.29%

8/11/2009 900 19,200 4.69%

8/10/2009 8,100 50,500 16.04%

8/7/2009 800 26,800 2.99%

8/6/2009 40,755 65,600 62.13%

8/5/2009 4,374 48,200 9.07%

8/4/2009 8,555 34,800 24.58%

8/3/2009 40,190 68,100 59.02%

Total 2,063,617 15,857,835 13.01%

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.

Luna Innovations Incorporated (NASDAQ: LUNA) engages in the research, development, and commercialization of technologies in the areas of sensing, and instrumentation products; and health care products. It operates through two segments, Products and Technology Development. The Products segment offers test and measurement products to monitor the integrity of fiber optic network and sub-assemblies to manufacturers and suppliers; Optical Vector Analyzer platform that allows manufacturers and suppliers of optical components and sub-assemblies to reduce costs; Optical Backscatter Reflectometer, a sensitive diagnostic device for data and telecommunications companies, and service providers who maintain their own fiber optic networks; and Phoenix laser, a MEMs-based external cavity laser. This segment also provides distributed sensing systems, which comprise multiple sensors whose input is integrated through a fiber optic network and software to detect distributed strain and distributed shape; tunable lasers; and test and measurement equipment for non-destructive industrial testing applications. Its health care products include medical devices for minimally invasive diagnostics and surgery; medical devices for non-invasive monitoring and diagnosis; Emboli Detection and Classification QUANTIFIER, a non-invasive medical device that uses quantitative ultrasound technology to count emboli in ex-vivo blood circuit; and nanomaterial-based medical products, including Trimetasphere nanomaterials. The Technology Development segment provides applied research services. Luna Innovations Incorporated serves energy, telecommunications, life sciences, and defense industries in the United States. The company was incorporated in 1990 and is headquartered in Roanoke, Virginia. On July 17, 2009, Luna Innovations Incorporated along with its affiliate filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Western District of Virginia, Roanoke.

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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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