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PALM, SPLS, JBLU, NTAP, STLD, ERIC With Highest Daily Short Volume On NASDAQ Wednesday

^{Published on 2009-10-01 09:20:09, Last Modified on 2010-12-22 14:50:18 - WOPRAI}
 

October 1, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Wednesday, September 30th, 2009 and come to the following statistical conclusions. There were 6,710 stocks with daily short volume reported and total NASDAQ trading volume of 2,078,886,368 shares. Total Daily Short Volume was 1,043,864,228 shares. 50.21% of all trading on the NASDAQ Wednesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Palm Inc. (NASDAQ: PALM), Staples (NASDAQ: SPLS), JetBlue Airways (NASDAQ: JBLU), NetApp (NASDAQ: NTAP), Steel Dynamics (NASDAQ: STLD) and LM Ericsson Telephone (NASDAQ: ERIC). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090930 PALM 2,097,942 3,847,345 Q 54.53%

20090930 SPLS 1,507,238 2,098,957 Q 71.81%

20090930 JBLU 1,478,741 3,319,220 Q 44.55%

20090930 NTAP 1,466,458 2,480,361 Q 59.12%

20090930 STLD 1,391,387 3,387,538 Q 41.07%

20090930 ERIC 1,365,642 2,862,356 Q 47.71%

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.

Palm, Inc. (NASDAQ: PALM) provides mobile products for individual users and business customers worldwide. The company offers integrated technologies that enable people to stay connected with their family, friends, and colleagues; access and share the information; and manage their daily lives on the go. Its products include Palm Pre, Treo, and Centro smartphones, which provide a range of productivity tools and personal and entertainment applications for the consumer and business markets. The company also offers Palm webOS, an operating system for mobile use, as well as provides related services, including software updates, back-up and restore of certain data, remote erase of a device, and access to the applications catalog. The company also offers handheld computers, as well as various add-ons and accessories, including memory expansion cards, micro USB cables, charging kits, vehicle power adapters, and carrying cases. Palm, Inc. sells its products to wireless carriers, distributors, retailers, and resellers through Internet, retail, reseller, and wireless carrier channels worldwide, as well as through its online stores. The company was formerly known as palmOne, Inc. and changed its name to Palm, Inc. in July 2005. Palm, Inc. was founded in 1992 and is headquartered in Sunnyvale, California. As of July 27, 2000, Palm, Inc. operates independently of 3Com Corporation.

Staples, Inc. (NASDAQ: SPLS), together with its subsidiaries, operates as an office products company. The companya�s retail products include office supplies and services, business machines and related products, computers and related products, and office furniture. It also provides high-speed, color and self-service copying, other printing services, faxing, and pack and ship services. As of January 31, 2009, the company operated approximately 2,218 superstores in 47 states and the District of Columbia in the United States, and 10 provinces and 2 territories in Canada, as well as in Belgium, Denmark, Germany, Ireland, the Netherlands, Norway, Portugal, Sweden, the United Kingdom, the People's Republic of China, Argentina, and Australia. It also operated 135 distribution and fulfillment centers in 29 states in the United States and 8 provinces in Canada, as well as in Austria, Belgium, Denmark, France, Germany, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, the United Kingdom, the People's Republic of China, Argentina, Brazil, and Australia. The company also offers its products through catalog, Internet, and sales force. Staples, Inc. was founded in 1986 and is based in Framingham, Massachusetts.

JetBlue Airways Corporation (NASDAQ: JBLU) provides passenger air transportation services in the United States. As of December 31, 2008, it operated approximately 600 daily flights serving 52 destinations in 19 states, Puerto Rico, Mexico, the Caribbean, and Latin America with a focus on Boston, Fort Lauderdale, Los Angeles/Long Beach, New York/JFK, or Orlando; and a fleet of 107 Airbus A320 aircraft and 35 EMBRAER 190 aircraft. The company, through its subsidiary LiveTV, LLC, also provides in-flight entertainment systems, voice communication, and data connectivity services for commercial aircraft and general aviation aircraft, including live in-seat satellite television, XM satellite radio service, wireless aircraft data communication service, and cabin surveillance systems. JetBlue Airways Corporation was founded in 1998 and is based in Forest Hills, New York.

NetApp, Inc. (NASDAQ: NTAP) provides enterprise storage and data management software and hardware products and services. It offers fabric-attached storage and V-series storage solutions, which supports mix of storage area network, network-attached storage, and Internet protocol SAN environments; data management software; and storage management and application integration software. The company also provides data protection software products, data retention and archive products, and storage security products, as well as performance acceleration module, which optimizes the performance of random read intensive workloads, such as file services and messaging. In addition, it offers professional, support, and customer education and training services. The company provides its solutions for business applications, storage for virtual servers, and disk-to-disk backup; continuous availability of critical business data and simplify business processes; and storing, managing, protecting, and archiving business data. It markets and sells its products to energy, financial services, government, high technology, Internet, life sciences and healthcare services, major manufacturing, media, entertainment, animation and video postproduction, and telecommunications industries in the United States, Germany, and internationally. The company was formerly known as Network Appliance, Inc. and changed its name to NetApp, Inc. in March 2008. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

Steel Dynamics, Inc. (NASDAQ: STLD), together with its subsidiaries, engages in the manufacture and sale of steel products in the United States. It operates in three segments: Steel Operations, Steel Fabrication Operations, and Metals Recycling and Ferrous Resources Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products, including light gauge hot-rolled, galvanized, and painted products; structural steel beams and pilings; rail products; special bar quality and merchant bar quality rounds, and round-cornered squares; and billets and merchant steel products, such as angles, plain rounds, flats, and channels. This segment serves cold finishers, forgers, intermediate processors, original equipment manufacturers, steel service centers, and fabricators. The Steel Fabrication Operations segment engages in fabricating trusses, girders, steel joists, and steel decking used within the nonresidential construction industry. The Metals Recycling and Ferrous Resources Operations segment offers heavy melting steel, busheling, bundled scrap, shredded scrap, and other scrap metal products, such as steel turnings and cast iron used in foundry and steel mill applications. The company was founded in 1993 and is headquartered in Fort Wayne, Indiana.

Origin of the LM Ericsson Telephone Company (NASDAQ: ERIC) goes date back to 1876. The Company was incorporated on August 18, 1918, as a result of a merger between AB LM Ericsson & Co. and Stockholms Allmanna Telefon AB. Ericsson is a provider of telecommunications equipment and related services to mobile and fixed network operators globally. The operations are carried out in three business segments; Systems, Phones and Other operations. Systems, addressing operators of mobile and fixed line public telephone networks. Phones, addressing distributors of mobile handsets to end users. Financial information for this segment consists of its investment and share in earnings of Sony Ericsson. Other operations, which consists of a number of different operations with different types of customers. Included operations are Microwave Systems, Network Technologies, Enterprise Systems, Mobile Platform Technology, Power Modules and other. Over 1,000 networks in more than 140 countries utilize its network equipment and is one of the few companies worldwide that can offer end- to- end solutions for all major mobile communication standards. Sony Ericsson Mobile Communications is 50/50 joint venture, formed in October 2001, combines the mobile communications expertise of Ericsson with the consumer electronic devices and content expertise of SONY Corporation and forms an essential part of its end- to- end capability for mobile multimedia services. Ericsson Mobile Platforms is a platform supplier for GSM/GPRS, EDGE and WCDMA platforms used in devices such as mobile handsets and PC cards. These complementary strengths enable Sony Ericsson to bring innovative products to market and provide us with valuable insight into consumer trends. In 2005, Sony Ericsson once again started a mobile phone trend with the introduction of several Walkmans(r)- branded music phones. The W800 was the first in the industry to offer a quality digital music experience and a high-performance 2 mega pixel auto- focus camera, combined with a full- feature mobile phone. Another innovative and popular model, the K750, raised the bar for imaging quality in mobile phones, winning a number of industry awards including the coveted TIPA award for Bst Mobile Imaging Device. Sony Ericsson continues to expand its portfolio by adding a variety of handsets designed and priced for different market segments. In the emerging WCDMA market, the K600 offers an attractive and affordable handset with no compromise on size or design. Additions to the 2G portfolio include basic affordable models, camera phones and sleek clamshell designs. This broadening phone portfolio, combined with Sony Ericsson's accessories, PC- cards and Machine- to- Machine solutions, demonstrate the Company's progress in becoming a supplier of a full range of innovative and feature- rich products. Copper, Aluminium, Steel, Silicon, Precious metals, Plastics is raw materials. The Company hold over 20,000 patents worldwide and are a contributor to the standards of GSM and WCDMA technologies, as well as a considerable holder of Intellectual Property Rights in many other technologies. The Company's current and historical operations are subject to environmental, health and safety regulations. As of Year 2005, the Company had 56,055 employees.

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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.

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