Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, October 6, 2009
Mon, October 5, 2009 Amicus Therapeutics (FOLD) Daily Short Sale Trading Volume Through 10-2-09
October 5, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Friday, October 2nd, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Amicus Therapeutics (NASDAQ: FOLD) for August through October 2, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
10/2/2009 7,742 86,600 8.94%
10/1/2009 8,400 26,800 31.34%
9/30/2009 4,730 31,000 15.26%
9/29/2009 1,200 7,800 15.38%
9/28/2009 4,340 48,600 8.93%
9/25/2009 2,400 18,500 12.97%
9/24/2009 3,000 24,900 12.05%
9/23/2009 3,900 22,300 17.49%
9/22/2009 1,000 14,400 6.94%
9/21/2009 4,634 20,100 23.05%
9/18/2009 35,494 135,600 26.18%
9/17/2009 3,600 12,500 28.80%
9/16/2009 900 9,700 9.28%
9/15/2009 700 27,000 2.59%
9/14/2009 2,200 8,600 25.58%
9/11/2009 2,694 6,300 42.76%
9/10/2009 2,220 7,700 28.83%
9/9/2009 3,000 15,700 19.11%
9/8/2009 3,352 16,900 19.83%
9/4/2009 2,840 17,500 16.23%
9/3/2009 1,500 16,200 9.26%
9/2/2009 15,431 65,500 23.56%
9/1/2009 3,698 29,100 12.71%
8/31/2009 1,936 34,468 5.62%
8/28/2009 3,600 19,100 18.85%
8/27/2009 3,387 19,900 17.02%
8/26/2009 1,428 13,600 10.50%
8/25/2009 2,200 22,300 9.87%
8/24/2009 1,600 8,300 19.28%
8/21/2009 20,605 54,900 37.53%
8/20/2009 3,903 70,100 5.57%
8/19/2009 4,186 21,400 19.56%
8/18/2009 9,888 31,600 31.29%
8/17/2009 5,600 24,900 22.49%
8/14/2009 2,400 19,500 12.31%
8/13/2009 4,467 15,900 28.09%
8/12/2009 2,978 32,400 9.19%
8/11/2009 2,200 16,700 13.17%
8/10/2009 4,007 14,900 26.89%
8/7/2009 4,533 24,500 18.50%
8/6/2009 6,194 39,000 15.88%
8/5/2009 5,900 22,500 26.22%
8/4/2009 1,210 11,000 11.00%
8/3/2009 3,300 32,800 10.06%
Total 214,497 1,219,068 17.60%
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.
Amicus Therapeutics, Inc. (NASDAQ: FOLD), a biopharmaceutical company, focuses on the discovery, development, and commercialization of orally-administered, small molecule drugs, known as pharmacological chaperones, for the treatment of various human genetic diseases. Pharmacological chaperones selectively bind to the target protein, increase the stability of the protein, help it fold into the three-dimensional shape, and allow proper trafficking of the protein, thereby increasing protein activity, enhance cellular function, and reduce cell stress. It is primarily targeting lysosomal storage disorders, which are severe, chronic genetic diseases. The companya�s products include Amigal, which has completed Phase II clinical trial for the treatment of Fabry disease; Plicera, a Phase II clinical trial product for the treatment of Gaucher disease; and AT2220, a Phase II clinical trial product for the treatment of Pompe disease. Amicus Therapeutics has a strategic collaboration with Shire Pharmaceuticals Ireland Ltd. to jointly develop three lead pharmacological chaperone compounds for lysosomal storage disorders. The company was founded in 2002 and is based in Cranbury, New Jersey.
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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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