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47.44% Of All NYSE Trading Monday Was Short Selling. TKS, LYG, GMR, MIR, GTE, PNW Highest % Of Daily Trading Volume Short

^{Published on 2009-10-05 14:29:39, Last Modified on 2010-12-22 14:51:39 - WOPRAI}
 

October 6, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Monday, October 5th, 2009 and come to the following statistical conclusions. There were 6,396 stocks with daily short volume reported and total NYSE trading volume of 1,037,056,342 shares. Total Daily Short Volume was 492,035,105 shares. 47.44% of all trading on the NYSE Monday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Tomkins (NYSE: TKS), Lloyds Banking Group (NYSE: LYG), General Maritime (NYSE: GMR), Mirant Corp (NYSE: MIR), Gran Tierra Energy (AMEX: GTE) and Pinnacle West Capital (NYSE: PNW). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091005 TKS 119,802 131,370 P 91.19%

20091005 LYG 249,676 302,736 P 82.47%

20091005 GMR 59,649 75,553 P 78.95%

20091005 MIR 221,656 283,237 P 78.26%

20091005 GTE 130,609 169,138 P 77.22%

20091005 PNW 162,279 211,988 P 76.55%

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.

Tomkins plc (NYSE: TKS), an engineering and manufacturing company, manufactures various products for industrial, automotive, and building products markets principally in North America, Europe, and Asia. The company operates in two segments: Industrial and Automotive, and Building Products. The Industrial and Automotive segment manufactures and markets systems and components for the industrial and automotive markets. This segment offers belts, pulleys, tensioners and idlers, powder metal components, electromechanical drive systems, power transmission and pump components, engine and transmission oil pumps, hydraulics, hoses, coupling systems, remote tyre pressure monitoring systems, wheel and tire valves, inflating gauges, axles and wheels, trailer chassis and components, fabricated metal parts, clamps, and water and oil pumps. It serves industrial machinery and equipment, processing, earthmoving and agricultural equipment, mining, oil and gas, leisure equipment, consumer equipment, automotive original equipment, and automotive aftermarket industries. This segment offers its products directly to customers, as well as through distributor channels. The Building Products segment manufactures and markets air diffusion products and systems; bathware, such as baths, shower cubicles, and luxury whirlpools; and aluminum and vinyl windows and doors for the residential and commercial construction, manufactured housing, recreational vehicle, and remodeling and repair industries. It also offers grilles, registers, diffusers, dampers, venting and ducts, fans, louvers, and screens. This segment offers its products through a range of distribution channels, including suppliers. The company was formerly known as F.H. Tomkins Buckle Company and changed its name to Tomkins plc in 1988. Tomkins plc was founded in 1925 and is headquartered in London, the United Kingdom.

Lloyds Banking Group plc (NYSE: LYG) provides banking and financial services in the United Kingdom, the United States, and Europe. It operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and other financial services to personal customers, private banking, and mortgages; current accounts; savings accounts; personal loans; card-based products and services, including credit and debit cards, and card transaction processing services for retailers; wealth management solutions, including financial planning and advice, and financial solutions for investments, retirement planning and income, trusts, tax and estate planning, and share dealing; and relationship banking services. The Insurance and Investments segment offers retail life, pensions, and investment products to corporate pension schemes, local authorities, and other institutions through independent financial advisors, and telephone and Internet; general insurance; unit-linked policies, annuities, term assurances, and health insurance; and other long-term savings products. The Wholesale and International Banking segment provides corporate banking and related services to multinational corporates and financial institutions, and small and medium-sized UK businesses; asset finance, including personal lending, store credit, and finance through leasing, hire purchase, and contract hire packages to personal and corporate customers; and international banking and financial services. As of December 31, 2008, it operated through 1,950 branches of Lloyds TSB Bank, Lloyds TSB Scotland plc, and Cheltenham & Gloucester plc; and 4,200 ATMs. The company was formerly known as Lloyds TSB Group plc and changed its name to Lloyds Banking Group plc as a result of its acquisition of HBOS plc in January 2009. Lloyds Banking Group plc was founded in 1985 and is headquartered in London, the United Kingdom.

General Maritime Corporation (NYSE: GMR) provides seaborne crude oil transportation services worldwide. As of March 2, 2009, the company operated 31 vessels consisting of 12 Aframax vessels, 11 Suezmax vessels, 2 very large crude carriers, 2 Panamax vessels, and 4 product carriers. It serves oil companies, as well as oil producers, oil traders, and vessel owners. The company operates its vessels in the Caribbean, South and Central America, the United States, western Africa, the Mediterranean, Europe, and the North Sea ports. The company was founded in 1997 and is based in New York, New York.

Mirant Corporation (NYSE: MIR) produces and sells electricity in the United States. It generates electricity through coal-fired, and oil and gas generating facilities. The companya�s operations primarily consist of procuring fuel, dispatching electricity, hedging the production and sale of electricity by its generating facilities, managing fuel oil, and providing logistical support for the operation of its facilities. Its customers include independent system operators, regional transmission organizations, and investor-owned utilities. As of December 31, 2008, Mirant owned or leased approximately 10,112 megawatts of net electric generating capacity in the Mid-Atlantic and Northeast regions, as well as in California. It also operates an integrated asset management and energy marketing organization. The company was founded in 1982 and is headquartered in Atlanta, Georgia.

Gran Tierra Energy Inc. (AMEX: GTE), an independent energy company, engages in the exploration, development, and production of oil and gas in Colombia, Argentina, and Peru. The company was founded in 2005 and is headquartered in Calgary, Canada.

Pinnacle West Capital Corporation (NYSE: PNW), together with its subsidiaries, operates as an electric utility that provides retail and wholesale electric services in Arizona. It involves in the generation, transmission, and distribution of electricity through coal, nuclear, gas and oil, and renewable resources. The company also provides energy-related products and services, such as energy master planning, energy use consultation and facility audits, cogeneration analysis and installation, and project management to commercial and industrial retail customers in the western United States. In addition, it develops residential, commercial, and industrial real estate projects in Arizona, New Mexico, Idaho, and Utah. Further, the company operates as an investment firm. Pinnacle West Capital Corporation was founded in 1920 and is based in Phoenix, Arizona.

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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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