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48.44% Of All NYSE Trading Tuesday Was Short Selling. AAU, PNM, ATI, UMC, MTU, ATW Highest % Of Daily Trading Volume Short

^{Published on 2009-10-06 14:23:13, Last Modified on 2010-12-22 14:52:11 - WOPRAI}
 

October 7, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Tuesday, October 6th, 2009 and come to the following statistical conclusions. There were 6,492 stocks with daily short volume reported and total NYSE trading volume of 1,230,838,341 shares. Total Daily Short Volume was 596,170,231 shares. 48.44% of all trading on the NYSE Tuesday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Alamden Minerals (AMEX: AAU), PNM Resources (NYSE: PNM), Allegheny Technologies (NYSE: ATI), United Microelectronics Corp (NYSE: UMC), Mitsubishi UFJ Financial Group (NYSE: MTU) and Atwood Oceanics (NYSE: ATW). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091006 AAU 224,200 236,805 P 94.68%

20091006 PNM 124,359 159,285 P 78.07%

20091006 ATI 199,474 255,879 P 77.96%

20091006 UMC 537,579 690,713 P 77.83%

20091006 MTU 702,279 915,346 P 76.72%

20091006 ATW 78,684 102,758 P 76.57%

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.

Almaden Minerals Ltd. (AMEX: AAU) engages in the exploration and development of mineral properties primarily in Canada, the United States, and Mexico. It principally focuses on gold, silver, and copper properties. The company holds interests in various properties, including the Elk Gold project in Canada; and the Caballo Blanco, the San Carlos, and the Tuligtic properties in Mexico. Almaden Minerals also holds interests in the La Bufa, the Caldera, the Cerro Colorado, the Campanario, the El Fuego, the Matehuapil, the Santa Isabela, the Tropico, the Tuligtic, the Yago, and the Viky projects in Mexico; and the Brookmere, the Lac de Gras, the Logan, Merit, the Nicoamen, the Ponderosa, the Prospect Valley, the Skoonka Creek, the Spence's Bridge Gold Belt, and the Tarsis projects in Canada. The company was founded in 1980 and is based in Vancouver, Canada.

PNM Resources, Inc. (NYSE: PNM), together with its subsidiaries, operates in energy and energy-related businesses. It primarily engages in the generation, transmission, and distribution of electricity in the United States and New Mexico. The company generates electricity using coal, nuclear, natural gas, and wind energy. It also provides regulated transmission and distribution services. PNM Resources, through its 50% interest in Optim Energy, focuses on unregulated electric operations, including the development, operation, and ownership of diverse generation assets and wholesale marketing principally within the areas of Texas. As of December 31, 2008, the company had a generation capacity of approximately 2,713 megawatts. It provides electricity primarily to residential, commercial, and industrial customers. The company was founded in 1917 and is based in Albuquerque, New Mexico.

Allegheny Technologies Incorporated (NYSE: ATI) manufactures and sells specialty metals worldwide. The companya�s High Performance Metals segment produces, converts, and distributes high performance alloys, including nickel- and cobalt-based alloys and super alloys; titanium and titanium-based alloys; exotic metals, such as zirconium, hafnium, niobium, nickel-titanium, and their related alloys; and other specialty alloys primarily in long product forms, such as ingot, billet, bar, shapes and rectangles, rod, wire, seamless tube, and castings. It sells products directly to end-use customers in the aerospace and defense, chemical process industry, oil and gas, electrical energy, and medical sectors. Allegheny Technologiesa� Flat-Rolled Products segment produces, converts, and distributes stainless steel, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in various product forms, such as plate, sheet, engineered strip, and precision rolled strip products, as well as grain-oriented electrical steel sheet to independent service centers and end-use customers. It serves chemical process, oil and gas, electrical energy, automotive, food equipment and appliances, machine and cutting tools, construction and mining, aerospace and defense, electronics, communication equipment, and computers industries. The companya�s Engineered Products segment produces tungsten powder, tungsten heavy alloys, tungsten carbide materials, and tungsten carbide cutting tools. It also manufactures carbon alloy steel impression die forgings, and large grey and ductile iron castings, as well as provides precision metals processing services, such as grinding, polishing, blasting, cutting, flattening, and ultrasonic testing. This segment serves various industrial markets, including automotive, chemical process, oil and gas, machine and cutting tools, aerospace, construction and mining, and other markets. Allegheny Technologies was founded in 1960 and is based in Pittsburgh, Pennsylvania.

United Microelectronics Corporation (NYSE: UMC), together with its subsidiaries, manufactures and sells advanced process integrated circuits (ICs) for applications spanning various sectors of the semiconductor industry in Taiwan. It develops system-on-chip (SOC) ICs for various applications, including copper interconnects, low k dielectrics, embedded DRAM, and mixed signal/RF CMOS. United Microelectronics Corporation also offers foundry services and mask tooling services. The company was founded in 1980 and is headquartered in Hsinchu City, Taiwan with additional offices in Japan, Singapore, Europe, and the United States.

Mitsubishi UFJ Financial Group, Inc. (NYSE: MTU), together with its subsidiaries, provides a range of financial services to retail and corporate customers in Japan and internationally. The company offers various asset management and asset administration services, including savings instruments, such as current accounts, ordinary deposits, time deposits, deposits at notice, non-interest-bearing deposit accounts, and other deposit facilities. It also provides trust products, including loan trusts and money trusts; and other investment products, such as investment trusts, performance-based money trusts, and foreign currency deposits. The company sells individual annuity insurance products comprising investment-type individual annuities, foreign currency denominated insurance annuities, and yen denominated fixed-amount annuity insurance products. In addition, it offers a range of security products, including public offerings, foreign and domestic investment trusts, Japanese government bonds, and foreign bonds; and housing loans, card loans, and other loans to individuals. The company also provides its products and services through automated teller machine network; and telephone, mobile, and Internet banking. Further, it offers advisory services to customers in the areas of mergers and acquisitions, inheritance-related business transfers, and stock listings; advices on financing methods to meet various financing needs, such as loans with derivatives, corporate bonds, commercial paper, asset-backed securities, securitization programs, and syndicated loans; and arrangement services relating to private placements for medium-sized enterprise issuers and institutional investors. The company also provides a range of services to corporate and other pension funds, including stable and secure pension fund management and administration, advice on pension schemes, and payment of benefits to scheme members. Mitsubishi UFJ Financial Group was founded in 1880 and is headquartered in Tokyo, Japan.

Atwood Oceanics, Inc. (NYSE: ATW), together with its subsidiaries, engages in the offshore drilling and completion of exploratory and developmental oil and gas wells worldwide. The company also offers related support, management, and consulting services. It provides a range of rigs, such as semisubmersible rigs, semisubmersible tender assist rigs, jack-up drilling rigs, and submersible drilling rigs. As of September 30, 2008, the company operated eight offshore mobile drilling units located in six regions of the world, including offshore southeast Asia, offshore Africa, offshore India, offshore Australia, the Mediterranean Sea, and the United States Gulf of Mexico. Atwood Oceanics was founded in 1968 and is headquartered in Houston, Texas.

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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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