Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, September 30, 2009
Tue, September 29, 2009 XRX, DYN, S, WAG, MJN, DOW With Highest Daily Short Volume On NYSE Tuesday
September 30, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Tuesday, September 29th, 2009 and come to the following statistical conclusions. There were 6,423 stocks with daily short volume reported and total NYSE trading volume of 911,381,327 shares. Total Daily Short Volume was 430,902,515 shares. 48.41% of all trading on the NYSE Tuesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume on Tuesday. Xerox (NYSE: XRX), Dynegy (NYSE: DYN), Sprint Nextel (NYSE: S), Walgreen (NYSE: WAG), Mead Johnson Nutrition (NYSE: MJN) and Dow Chemical (NYSE: DOW). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Symbol Short Volume Total Volume Market Percent
20090929 XRX 6,254,142 11,089,903 P 56.39%
20090929 DYN 3,083,616 5,463,064 P 56.44%
20090929 S 2,936,267 5,302,163 P 55.38%
20090929 WAG 1,872,731 3,229,625 P 57.99%
20090929 MJN 1,144,479 3,145,481 P 36.38%
20090929 DOW 1,010,736 1,535,318 P 65.83%
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.
Xerox Corporation (NYSE: XRX) engages in the development, manufacture, marketing, servicing, and financing of document equipment, software, solutions, and services worldwide. The company offers various digital systems, including printing and publishing systems; digital presses and multifunctional devices, which can print, copy, scan, and fax; digital copiers; and laser and solid ink printers and fax machines. It also provides software and workflow solutions for businesses to print books, create personalized documents, and scan and route digital information. In addition, the company offers digital monochrome and color systems that enable digital on-demand printing, digital full-color printing, and enterprise printing for customers in the graphic communications industry and enterprises; pre-press and post-press options and a set of workflow software; and supplies, such as toner, paper, and ink. Further, the company provides various color and black-and-white multifunction, printer, copier, and fax products for commercial customers, as well as for government, education, and other public sector customers. Additionally, it engages in the sale of paper; provision of value-added services; wide-format systems; network integration solutions; and electronic presentation systems. The company markets its products through direct sales force, a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Corporation was founded in 1906 and is based in Norwalk, Connecticut.
Dynegy Inc. (NYSE: DYN), through its subsidiaries, engages in the production and sale of electric energy, capacity, and ancillary services in the United States. It sells electric energy, capacity, and ancillary services on a wholesale basis from its natural gas-fired, coal-fired, and oil-fired power generation facilities. As of May 7, 2009, the companya�s power generation portfolio consisted of approximately 17,700 megawatts of baseload, intermediate, and peaking power plants fueled by a mix of natural gas, coal, and fuel oil. Its customers include regional transmission organizations, independent system operators, integrated utilities, municipalities, electric cooperatives, transmission and distribution utilities, industrial customers, power marketers, other power generators, commercial end-users, and financial participants, such as banks and hedge funds. The company was founded in 1985 and is based in Houston, Texas.
Sprint Nextel Corporation (NYSE: S) offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States and internationally. Its Wireless segment provides wireless mobile voice and data transmission services on networks that utilize CDMA and iDEN technologies. Its wireless mobile voice communications services include basic local and long distance wireless voice services, voicemail, call waiting, three way calling, caller identification, directory assistance, call forwarding, speakerphone, and voice-activated dialing features, as well as roaming services; and wireless data communications services comprise Internet access and messaging, email services, wireless photo and video offerings, and mobile entertainment applications, as well as asset and fleet management, dispatch services, and navigation tools. This segment also offers walkie-talkie services; and sells accessories, such as carrying cases, hands-free devices, batteries, and battery chargers, as well as handsets and accessories to agents and other third-party distributors for resale. In addition, it provides Sprint-branded post-paid, Boost Mobile-branded prepaid, and wholesale wireless services over the companya�s CDMA network in the United States, Puerto Rico, and the U.S. Virgin Islands; and Nextel-branded post-paid and Boost Mobile-branded prepaid wireless services over the iDEN network. The companya�s Wireline segment provides wireline voice and data communications services, including domestic and international data communications using various protocols, such as multi-protocol label switching, Internet protocol (IP), IP-based frame relay, managed network services, voice over IP, and traditional voice services. It also offers wide-area network and long distance services, as well as operates an all-digital long distance and 40 gigabyte capacity Tier 1 IP network. Sprint Nextel was founded in 1899 and is headquartered in Overland Park, Kansas.
Walgreen Co. (NYSE: WAG) operates a chain of drugstores in the United States. These drugstores sell prescription and non-prescription drugs, and general merchandise. Its general merchandise comprises beauty care, personal care, household items, candy, photofinishing, greeting cards, seasonal items, and convenience food. The company provides its services through drugstore counters, as well as through mail, by telephone, and on the Internet. As of August 31, 2008, Walgreen operated 6,934 locations, which include 6,443 drugstores, 364 worksite facilities, 115 home care facilities, 10 specialty pharmacies, and 2 mail service facilities in 49 states, the District of Columbia, Puerto Rico, and Guam. It also owned 28 strip shopping malls. The company was founded in 1901 and is based in Deerfield, Illinois.
Mead Johnson Nutrition Company (NYSE: MJN) manufactures and markets infant formula and childrens nutrition products in North America, Latin America, Europe, and the Asia-Pacific. It offers formulas for routine feeding and mild intolerance; specialty formula products, including formulas for severe intolerance, and premature and low birth weight infants; and medical nutrition products. The company also offers products for infants with milk protein allergy, gas/fussiness, lactose intolerance, anti-regurgitation, severe protein sensitivity, multiple food allergies, and malabsorption. In addition, it offers childrena�s nutrition products, such as nutritious powdered milk for picky eaters, nutritious milk modifier, and pre-natal and post-natal nutritional supplements for expectant and nursing mothers. The company offers its products under Enfamil, Enfalac, Enfagrow, Enfapro, Enfakid, EnfaSchool, and Sustagen, Choco Milk, and Cal-C-Tose brand names. It offers its products to retail channels, including mass merchandisers, club stores, grocery stores, drug stores, and convenience stores. The company was founded in 1905 and is headquartered in Glenview, Illinois. Mead Johnson Nutrition Company is a subsidiary of Bristol-Myers Squibb Company.
The Dow Chemical Company (NYSE: DOW) engages in the manufacture and sale of chemicals, plastic materials, agricultural, and other specialized products and services worldwide. The company operates in six segments: Performance Plastics, Performance Chemicals, Agricultural Sciences, Basic Plastics, Basic Chemicals, and Hydrocarbons and Energy. The Performance Plastics segment provides automotive products, building solutions, epoxy resins, intermediates and specialty resins, polyurethanes and polyurethane systems, specialty plastics and elastomers, and technology licensing and catalyst products. The Performance Chemicals segment offers polymers, latex, and specialty chemicals. The Agricultural Sciences segment provides pest management, agricultural, and crop biotechnology products and solutions. The Basic Plastics segment offers polyethylene, polypropylene, and polystyrene resins. The Basic Chemicals segment provides chemicals, such as acids, alcohols, caustic soda, chlorine, chloroform, and other chemicals; and ethylene oxide/ethylene glycol chemicals. The Hydrocarbons and Energy segment procures fuels, natural gas liquids, and crude oil-based raw materials, as well as supplies monomers, power, and steam. Its products include benzene; butadiene; butylene; cumene; ethylene; propylene; styrene; power, steam, and other utilities. The company also involves in the property and casualty insurance and reinsurance business through its Liana Limited subsidiaries. It serves various industries, including appliance; automotive; agricultural; building and construction; chemical processing; electronics; furniture; house wares; oil and gas; packaging; paints, coatings, and adhesives; personal care; pharmaceutical; processed foods; pulp and paper; textile and carpet; utilities; and water treatment industries. The Dow Chemical Company was founded in 1897 and is based in Midland, Michigan.
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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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