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CSCO, RIMM, ETRM, ALTR, SCHW, DISH With Highest Daily Short Volume On NASDAQ Friday

^{Published on 2009-10-04 20:16:54, Last Modified on 2010-12-22 14:51:01 - WOPRAI}
 

October 5, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Friday, October 2nd, 2009 and come to the following statistical conclusions. There were 6,689 stocks with daily short volume reported and total NASDAQ trading volume of 1,996,265,643 shares. Total Daily Short Volume was 1,011,545,028 shares. 50.67% of all trading on the NASDAQ Friday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Cisco Systems (NASDAQ: CSCO), Research in Motion (NASDAQ: RIMM), EnteroMedics (NASDAQ: ETRM), Altera (NASDAQ: ALTR), Charles Schwab (NASDAQ: SCHW) and Dish Network (NASDAQ: DISH). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20091002 CSCO 5,667,131 11,502,059 Q 49.27%

20091002 RIMM 3,492,386 6,753,903 Q 51.71%

20091002 ETRM 3,430,850 8,941,409 Q 38.37%

20091002 ALTR 1,997,377 3,251,666 Q 61.43%

20091002 SCHW 1,951,730 3,143,637 Q 62.09%

20091002 DISH 1,913,919 3,108,439 Q 61.57%

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.

Cisco Systems, Inc. (NASDAQ: CSCO) designs, manufactures, and sells Internet Protocol (IP)-based networking and other products to the communications and IT industry worldwide. The company offers routers that interconnect public and private IP networks for mobile, data, voice, and video applications; switching systems, which provide connectivity to end users, workstations, IP phones, access points, and servers; application networking services; home networking products, such as voice and data modems, routers and gateways, Internet video cameras, home entertainment storage, wireless home audio, and home network management software; and network and content security, email, and Web security products. It also provides storage area networking products that deliver connectivity between servers and storage systems; unified communication products to integrate voice, video, data, and mobile applications on fixed and mobile networks; video systems, including digital set-top boxes and digital media products; and wireless systems. In addition, the company offers optical networking products, cable access, and service provider VoIP services; and Cisco TelePresence systems and exchange services, physical security and video surveillance, digital media systems, and building systems to manage energy efficiency. It serves enterprise businesses, public institutions, telecommunications companies, commercial businesses, and personal residences through systems integrators, service providers, resellers, distributors, and retail partners. Cisco Systems has strategic alliances with Accenture Ltd; AT&T Inc.; Cap Gemini S.A.; EMC Corporation; Fujitsu Limited; Intel Corporation; International Business Machines Corporation; Italtel SpA; Johnson Controls Inc.; Microsoft Corporation; Nokia; Nokia Siemens Networks; Oracle Corporation; SAP AG; Sprint Nextel Corporation; Tata Consultancy Services Ltd.; VMware, Inc.; and Wipro Limited. The company was founded in 1984 and is headquartered in San Jose, California.

Research in Motion (NASDAQ: RIMM) designs and markets wireless handsets, software, and services. RIM's primary revenue driver is the sale of mobile smartphones (wireless phones that also support applications like e-mail, Web browsing, and calendars) to wireless carriers worldwide. In addition to revenue generated from handset sales, RIM generates access service fees from carriers for each BlackBerry subscriber. Software licensing revenue is also generated from corporate clients incorporating BlackBerry Enterprise Server software in their wireless data management. RIM's products and services provide seamless and secure access to e-mail, phone, SMS, personal organizer, Internet, and corporate data applications. RIM's technology, which provides end-to-end security and an always-connected architecture that allows immediate e-mail delivery, has enabled the firm to dominate the North American enterprise market and provided the opportunity to expand into new countries. BlackBerrys are now sold in more than 150 countries, and more than 30% of the firm's subscribers are based outside North America.

EnteroMedics Inc. (NASDAQ: ETRM), a development stage medical device company, focuses on design and development of devices that use neuroblocking technology to treat obesity and other gastrointestinal disorders. Its proprietary neuroblocking technology is designed to intermittently block the vagus nerve using electrical impulses. The companya�s initial product under development is the Maestro System, which is used to limit the expansion of the stomach, control hunger sensations between meals, reduce the frequency and intensity of stomach contractions, and produce a feeling of early and prolonged fullness. It focuses on marketing its product to potential referral source clinicians, such as general practitioners, internists, endocrinologists, and nurses. EnteroMedics has collaboration with Mayo Clinic for research and development of devices for vagal blocking therapy to treat obesity. The company formerly known as Beta Medical, Inc. and changed its name to EnteroMedics, Inc. in October 2003. EnteroMedics was founded in 2002 and is headquartered in St. Paul, Minnesota.

Altera Corporation (NASDAQ: ALTR) designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and associated development tools. Its PLDs consist of field-programmable gate arrays (FPGA) and complex programmable logic devices (CPLD), which are semiconductor integrated circuits manufactured as standard chips that can be programmed to perform logic functions in electronic systems; and HardCopy structured ASIC devices that enable customers to transition from a high-density FPGA to a low-cost non-programmable implementation of design for volume production. The companya�s products primarily include Stratix III and Stratix IV high-end, system-level FPGAs; Cyclone II and Cyclone III low-cost, high-volume FPGAs; Arria GX low-cost, transceiver-equipped FPGAs; MAX non-volatile CPLDs for use used in glue logic functions; and HardCopy and HardCopy II structured ASIC devices. It also offers intellectual property cores that are pre-verified building blocks that execute standard system-level functions in their PLD design; and development tools consisting primarily of the Quartus II software design entry, design compilation, design verification, and device programming. Altera Corporation serves customers primarily in the communications, computer and storage, industrial, and consumer sectors. The company markets its products through a network of distributors, independent sales representatives, and direct sales personnel. It has operations primarily in North America, the Asia Pacific, Europe, and Japan. The company was founded in 1983 and is headquartered in San Jose, California.

The Charles Schwab Corporation (NASDAQ: SCHW) provides securities brokerage, banking, and related financial services to individual, institutional, and corporate clients. The companya�s Investor Services segment offers retail brokerage and banking services to individual investors. It provides research, analytic tools, performance reports, market analysis, and educational material. The Charles Schwaba�s Advisor Services segment provides custodial, trading, technology, practice management, trust asset, and other support services to independent investment advisors through sales force and service team. The companya�s Corporate and Retirement Services segment offers retirement plan services, plan administrator services, advice services, education, stock plan services, and mutual fund clearing services; and supports the availability of Schwab proprietary mutual funds on third-party platforms. The Charles Schwab Corporationa�s product line comprises various asset management accounts, including some with check-writing features, debit card, and bill pay; individual retirement accounts; retirement plans for small to large businesses; 529 college savings accounts; separately managed accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, as well as access to fixed income securities and equity and debt offerings. It also offers first mortgages, home equity lines of credit, pledged-asset loans, certificates of deposit, demand deposit accounts, high-yield investor checking accounts linked to brokerage accounts, and credit cards; trust custody services, personal trust reporting services, and administrative trustee services; and third-party mutual funds, and mutual fund trading and clearing services to broker-dealers. The company was founded in 1971 and is headquartered in San Francisco, California.

DISH Network Corporation (NASDAQ: DISH), through its subsidiaries, engages in subscription television business in the United States. It operates the DISH Network television service, which provides a direct broadcast satellite subscription television service in the United States. As of December 31, 2008, the company had 13.678 million subscribers. It provides programming, which includes approximately 280 basic video channels, 60 Sirius Satellite Radio music channels, 30 premium movie channels, 35 regional and specialty sports channels, 2,100 local channels, 200 Latino and international channels, and 50 channels of pay-per-view content. The company also offers receiver systems. Its subscribers receive programming via in-home equipment that comprises a small satellite dish, digital set-top receivers, and remote controls. The company offers receiver systems and programming through direct sales channels; and independent retailers, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, nationwide retailers, and telecommunications companies. DISH Network Corporation was founded in 1980 and is headquartered in Englewood, Colorado.

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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.

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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