Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, September 30, 2009
Tue, September 29, 2009 Royal Bank of Scotland (RBS) Daily Short Sale Trading Volume Through 9-28-09
September 29, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Monday, September 28th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Royal Bank of Scotland (NYSE: RBS) for August through September 28, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
9/28/2009 34,334 253,900 13.52%
9/25/2009 39,137 249,600 15.68%
9/24/2009 48,972 383,000 12.79%
9/23/2009 49,851 433,200 11.51%
9/22/2009 40,176 232,900 17.25%
9/21/2009 24,494 513,200 4.77%
9/18/2009 10,400 218,100 4.77%
9/17/2009 25,013 312,300 8.01%
9/16/2009 28,687 462,900 6.20%
9/15/2009 34,506 369,300 9.34%
9/14/2009 38,595 282,200 13.68%
9/11/2009 17,484 284,600 6.14%
9/10/2009 18,831 243,900 7.72%
9/9/2009 13,893 169,700 8.19%
9/8/2009 31,891 275,700 11.57%
9/4/2009 33,247 255,000 13.04%
9/3/2009 29,782 232,800 12.79%
9/2/2009 39,779 331,300 12.01%
9/1/2009 52,413 482,800 10.86%
8/31/2009 22,178 280,100 7.92%
8/28/2009 24,668 356,000 6.93%
8/27/2009 94,952 686,500 13.83%
8/26/2009 62,720 690,000 9.09%
8/25/2009 60,322 477,600 12.63%
8/24/2009 63,498 476,400 13.33%
8/21/2009 76,208 344,500 22.12%
8/20/2009 46,517 346,900 13.41%
8/19/2009 30,269 211,500 14.31%
8/18/2009 16,855 184,200 9.15%
8/17/2009 57,042 278,600 20.47%
8/14/2009 37,419 247,200 15.14%
8/13/2009 47,216 306,900 15.38%
8/12/2009 34,116 414,000 8.24%
8/11/2009 78,968 536,700 14.71%
8/10/2009 96,177 1,135,500 8.47%
8/7/2009 231,438 1,888,900 12.25%
8/6/2009 122,547 877,300 13.97%
8/5/2009 55,415 593,500 9.34%
8/4/2009 12,483 279,500 4.47%
8/3/2009 42,900 605,100 7.09%
Total 1,925,393 17,203,300 11.19%
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.
Royal Bank of Scotland Group Plc (NYSE: RBS), the world's fifth largest bankFounded in 1728, the Royal Bank of Scotland has a real history. Its many services demonstrate its skills from one area to another and it has become one of the main British banking groups.RBS's activities cover account management, savings, loans and credit cards for both professionals and private individuals. It also sells insurance (life and general) and investment products through its subsidiary Direct Line, and other more practical services, such as its on-line and telephone banking, available 24 hours a day 365 days a year.In addition to its network of over 2,000 branches in Great Britain, Scotland, Wales and Ireland, RBS heads an empire. In Britain it also owns NatWest, the Ulster Bank in Northern Ireland and Citizens Financial in the United States (330 branches in the four New England states).Last but not least, RBS bought in October 2003 First Active, an Irish mortgage bank, and Bank von Ernst, a Swiss private bank.
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 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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