Stocks & Investing
Stocks and Investing
Stocks and Investing
Thu, October 1, 2009
Wed, September 30, 2009 TerreStar Corp (TSTR) Daily Short Sale Trading Volume Through 9-29-09
September 30, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Tuesday, September 29th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in TerreStar Corp (NASDAQ: TSTR) for August through September 29, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
9/29/2009 231,393 1,881,300 12.30%
9/28/2009 209,190 1,193,400 17.53%
9/25/2009 588,814 5,123,700 11.49%
9/24/2009 228,440 1,643,500 13.90%
9/23/2009 297,421 2,101,500 14.15%
9/22/2009 280,011 2,218,700 12.62%
9/21/2009 207,894 2,652,600 7.84%
9/18/2009 137,019 1,694,000 8.09%
9/17/2009 332,723 3,548,200 9.38%
9/16/2009 174,320 2,387,000 7.30%
9/15/2009 82,910 537,200 15.43%
9/14/2009 71,421 607,400 11.76%
9/11/2009 8,474 253,300 3.35%
9/10/2009 16,900 271,500 6.22%
9/9/2009 20,614 327,900 6.29%
9/8/2009 177,984 1,551,900 11.47%
9/4/2009 31,211 525,700 5.94%
9/3/2009 25,400 502,400 5.06%
9/2/2009 77,562 640,300 12.11%
9/1/2009 67,157 1,085,300 6.19%
8/31/2009 74,649 855,704 8.72%
8/28/2009 73,438 1,041,500 7.05%
8/27/2009 235,011 3,024,100 7.77%
8/26/2009 637,096 5,177,000 12.31%
8/25/2009 14,277 335,300 4.26%
8/24/2009 30,194 640,700 4.71%
8/21/2009 30,356 356,500 8.52%
8/20/2009 61,025 509,100 11.99%
8/19/2009 65,387 377,900 17.30%
8/18/2009 38,276 355,800 10.76%
8/17/2009 119,883 1,275,900 9.40%
8/14/2009 356,173 3,890,900 9.15%
8/13/2009 26,773 370,700 7.22%
8/12/2009 52,324 526,100 9.95%
8/11/2009 26,010 462,000 5.63%
8/10/2009 48,882 437,300 11.18%
8/7/2009 49,717 648,600 7.67%
8/6/2009 39,493 539,000 7.33%
8/5/2009 101,325 668,200 15.16%
8/4/2009 25,186 732,900 3.44%
8/3/2009 122,374 1,744,800 7.01%
Total 5,494,707 54,716,804 10.04%
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.
TerreStar Corporation (NASDAQ: TSTR), through its subsidiaries, engages in the integrated satellite wireless communications business in North America. The company, through its subsidiary, TerreStar Networks Inc., intends to build, own, and operate an Internet protocol based integrated satellite and terrestrial communications network to provide mobile communication services in the United States and Canada. TerreStar Corporation, through its another subsidiary, TerreStar Global Ltd., also intends to build, own, and operate a Pan-European integrated mobile satellite and terrestrial communications network to address public safety and disaster relief, as well as to provide broadband connectivity in rural regions to help narrow the digital divide. The company was formerly known as Motient Corporation and changed its name to TerreStar Corporation in 2007. TerreStar Corporation was founded in 1988 and is headquartered in Reston, Virginia.
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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