50.77% Of All NASDAQ Trading Tuesday Was Short Selling. WUHN, DEER, PTEC, LNET, CTCH, ENOC Highest % Of Daily Trading Volume S
October 7, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Tuesday, October 6th, 2009 and come to the following statistical conclusions. There were 6,692 stocks with daily short volume reported and total NASDAQ trading volume of 1,865,197,333 shares. Total Daily Short Volume was 947,106,542 shares. 50.77% of all trading on the NASDAQ 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. Wuhan General Group (NASDAQ: WUHN), Deer Consumer Products (NASDAQ: DEER), Phoenix Technologies (NASDAQ: PTEC), LodgeNet Interactive (NASDAQ: LNET), Commtouch Software (NASDAQ: CTCH) and EnerNOC (NASDAQ: ENOC). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT
20091006 WUHN 87,041 91,175 Q 95.47%
20091006 DEER 42,159 44,903 Q 93.89%
20091006 PTEC 77,169 83,006 Q 92.97%
20091006 LNET 170,469 200,707 Q 84.93%
20091006 CTCH 50,591 59,640 Q 84.83%
20091006 ENOC 107,718 132,043 Q 81.58%
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.
Wuhan General Group (China), Inc. (NASDAQ: WUHN) engages in the design, development, manufacture, and sale of industrial blowers for steam-driven electrical power generation plants in China. The companya�s blower products include axial fans that provide air for larger power stations; and centrifugal blowers, which offer air at higher pressures in medium-sized power stations for blowing coal dust into furnaces, as well as for aeration in sewage treatment plants. It also produces steam and water turbines consisting of regular steam turbines and co-generation turbines. In addition, Wuhan General Group (China) manufactures blower silencers, connectors, and other general spare parts for blowers and electrical equipment. The company is headquartered in Wuhan, China.
Deer Consumer Products, Inc. (NASDAQ: DEER), through its subsidiaries, engages in the design, manufacture, and sale of home and kitchen electronic appliances. Its products include blenders and juice extractors, soymilk makers, popcorn makers, meat grinders, rice cookers, electric water kettles, pressure cookers, and other food processors. The company offers its products to original design manufacturers, original brand manufacturers, and original equipment manufacturers worldwide. Deer Consumer Products, Inc. is based in Shenzhen, China.
Phoenix Technologies, Ltd. (NASDAQ: PTEC) designs, develops, and supports core system software (CSS) for personal computers (PCs) and other computing devices. Its CSS products include Phoenix SecureCore that supports and enables the compatibility, connectivity, security, and manageability of various components of desktop and notebook PCs, PC-based servers, and embedded computing systems; Phoenix Award that supports the PC and digital device electronics design and manufacturing companies; and Phoenix EmbeddedBIOS, which is tailored for the embedded market. The companya�s services and solutions comprise Phoenix BeInSync, a solution that allows users to backup, synchronize, share, and access their data online; and Phoenix eSupport, a collection of Web sites and PC diagnostic software products designed to detect and fix the typical problems encountered by users during normal use of their computers. It also offers Phoenix FailSafe solution, an advanced theft-loss protection and prevention solution for mobile PCs; and Phoenix HyperSpace family of products, which provides an environment that enables various Phoenix and third party applications to be installed on a device and to operate independently from the usera�s primary operating system. Phoenix Technologies markets and sells its CSS products and services through direct sales force, as well as through a network of regional distributors and sales representatives to original equipment manufacturers, original design manufacturers, resellers, system integrators, system builders, and independent software vendors in North America, Japan, and the Asia Pacific. The company was founded in 1979 and is headquartered in Milpitas, California.
LodgeNet Interactive Corporation (NASDAQ: LNET) provides interactive media and connectivity solutions to the hospitality industry in the United States, Canada, and Mexico. The companya�s guest entertainment services include on-demand movies, on-demand games, music and music video, Internet on television, and television on-demand. It also offers satellite-delivered cable television programming; and broadband Internet access system sales, service, and support solutions. In addition, the company provides various solutions, including the LodgeNetRX interactive patient television system, patient education solutions, clinical systems integration applications, and cable television hardware and programming; and offers professional, technical, and installation services to the healthcare industry. In addition, LodgeNet Interactive Corporation offers advertising and media services, which consist of traditional television advertising, video-on-demand/interactive advertising, and promotional advertising and marketing. As of December 31, 2008, it provided interactive media and connectivity solutions to approximately 10,100 hotel properties serving approximately 1.9 million hotel rooms. LodgeNet Interactive Corporation also provided on-demand guest entertainment services to approximately 1.9 million hotel rooms; cable television programming to approximately 1.1 million hotel rooms; broadband Internet access to approximately 229,000 hotel rooms; and advertising media solutions to approximately 890,000 hotels rooms. The company was formerly known as LodgeNet Entertainment Corporation and changed its name to LodgeNet Interactive Corporation in 2008. LodgeNet Interactive Corporation was founded in 1980 and is headquartered in Sioux Falls, South Dakota.
Commtouch Software Ltd. (NASDAQ: CTCH), through its subsidiary, Commtouch Inc., develops and provides email defense solutions to enterprise customers, and original equipment manufacturer licensees and enterprises. Its solutions include anti-spam, virus outbreak detection, and global view mail or Internet protocol reputation services, as well as Web security engine solutions. The company also offers product Recurrent Pattern Detection technology, which analyzes messages associated with mass email outbreaks and directs the blocking of such emails without the need to analyze individual messages; and URL filtering solution that analyzes various feeds from worldwide sources pertaining to URLs. In addition, it offers a software development kit comprising various components, which enable third-party vendors to integrate anti-virus applications, content filtering solutions, firewall systems, security servers, and other network appliances; and an enterprise anti-spam and Zero-Hour virus outbreak detection solution, which includes a software element or the Enterprise Gateway, and a service component, or a Commtouch Detection Center. The companya�s Enterprise Gateway filters messages at the customer organizationa�s entry point, before being distributed to recipients, with added user-level controls and a secure spam and virus detection services. Its Detection Center collects information from various sources about new attacks, analyzes the input using Commtouch patented technology, identifies and detects spam/viruses, classifies the data, matches its stored information against outstanding queries for spam/virus detection from Enterprise Gateways, and replies in back to the Enterprise Gateways with a prioritized resolution. The company offers its solutions to small, medium, and large enterprises through various third party distribution channels to customers in Israel, North America, Europe, and Asia. Commtouch Software Ltd. was founded in 1991 and is headquartered in Netanya, Israel.
EnerNOC, Inc. (NASDAQ: ENOC) engages in the development, implementation, and adoption of demand response and energy management solutions for the electric power grid operators and utilities, as well as commercial, institutional, and industrial end-users of electricity in the United States. Its solutions enable in optimizing the balance of electric supply and demand. The company offers reliability-based demand response; price-based demand response that enables customers to monitor and respond to wholesale electricity market price signals; and ancillary services, which include resources utilized as a reserve pool of resources to provide short-term support. It also provides a portfolio of additional energy management solutions, including monitoring-based commissioning services that combine advanced metering applications, energy analytics, and control; energy procurement services that provide commercial, institutional, and industrial customers with the ability to manage the energy supplier selection process; and emissions tracking and trading support services. As of December 31, 2008, it had approximately 1,650 commercial, institutional, and industrial customers across approximately 4,000 customer sites in its demand response network; and 2,050 megawatts of demand response capacity under management. EnerNOC, Inc. was formerly known as EnerNOC, LLC and changed its name to EnerNOC, Inc. in 2003. The company was founded in 2001 and is headquartered in Boston, Massachusetts.
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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.
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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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