Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, September 29, 2009
Mon, September 28, 2009 Rubicon Technology (RBCN) Daily Short Sale Trading Volume Through 9-25-09
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 Rubicon Technology (NASDAQ: RBCN) 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 58,858 121,700 48.36%
9/24/2009 38,248 91,100 41.98%
9/23/2009 54,405 96,600 56.32%
9/22/2009 108,154 266,900 40.52%
9/21/2009 43,523 99,200 43.87%
9/18/2009 58,705 208,500 28.16%
9/17/2009 121,078 421,200 28.75%
9/16/2009 51,381 130,900 39.25%
9/15/2009 44,480 117,800 37.76%
9/14/2009 140,811 262,800 53.58%
9/11/2009 60,931 116,900 52.12%
9/10/2009 27,060 138,300 19.57%
9/9/2009 41,853 101,000 41.44%
9/8/2009 22,597 50,400 44.84%
9/4/2009 34,050 114,500 29.74%
9/3/2009 71,358 189,300 37.70%
9/2/2009 49,123 83,100 59.11%
9/1/2009 47,663 139,000 34.29%
8/31/2009 50,516 190,136 26.57%
8/28/2009 17,275 52,900 32.66%
8/27/2009 14,677 37,200 39.45%
8/26/2009 68,875 106,100 64.92%
8/25/2009 34,182 86,300 39.61%
8/24/2009 29,774 66,000 45.11%
8/21/2009 119,560 332,700 35.94%
8/20/2009 12,063 84,400 14.29%
8/19/2009 29,318 92,600 31.66%
8/18/2009 53,933 99,900 53.99%
8/17/2009 26,720 72,600 36.80%
8/14/2009 30,542 88,500 34.51%
8/13/2009 37,339 102,700 36.36%
8/12/2009 63,773 133,800 47.66%
8/11/2009 58,804 175,000 33.60%
8/10/2009 27,318 42,000 65.04%
8/7/2009 73,123 174,800 41.83%
8/6/2009 19,334 56,500 34.22%
8/5/2009 34,832 106,100 32.83%
8/4/2009 25,688 58,500 43.91%
8/3/2009 19,982 74,200 26.93%
Total 1,921,906 4,982,136 38.58%
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.
Rubicon Technology, Inc. (NASDAQ: RBCN) develops, manufactures, and sells monocrystalline sapphire and other innovative crystalline products for light-emitting diodes, radio frequency integrated circuits, blue laser diodes, optoelectronics, and other optical applications. It fabricates its products from the boules and sells them in various categories, including core, as-cut, as-ground, and polished. It also manufactures sapphire substrates and optical windows, such as two to four inch sapphire wafers for use in LEDs and blue laser diodes for solid state lighting and electronic applications. In addition, Rubicon Technology offers six inch sapphire wafers that are used for Silicon-on-Sapphire RFICs, as well as products for military, aerospace, sensor, and other applications. Further, the company provides optically-polished windows and ground window blanks of sapphire and various fluoride compounds, such as calcium, barium, and magnesium fluoride. It provides its products to wafer polishing companies and semiconductor device manufacturers in Asia, North America, and Europe. The company was incorporated in 2001 and is based in Franklin Park, Illinois.
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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