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49.89% Of All NASDAQ Trading Wednesday Was Short Selling. TGEN, LBIX, TFSL, TWMC, NANO, PMTC Highest % Of Daily Trading Volume

^{Published on 2009-10-07 14:20:21, Last Modified on 2010-12-22 14:52:49 - WOPRAI}
 

October 8, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Wednesday, October 7th, 2009 and come to the following statistical conclusions. There were 6,568 stocks with daily short volume reported and total NASDAQ trading volume of 1,579,334,870 shares. Total Daily Short Volume was 787,991,564 shares. 49.89% of all trading on the NASDAQ Wednesday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Targeted Genetics (NASDAQ: TGEN), Leading Brands (NASDAQ: LBIX), TFS Financial Corp (NASDAQ: TFSL), Trans World Entertainment (NASDAQ: TWMC), Nanometrics (NASDAQ: NANO) and Parametric Technology Corp (NASDAQ: PMTC). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20091007 TGEN 94,676 103,032 Q 91.89%

20091007 LBIX 75,773 88,303 Q 85.81%

20091007 TFSL 90,246 107,030 Q 84.32%

20091007 TWMC 102,166 126,591 Q 80.71%

20091007 NANO 110,381 141,656 Q 77.92%

20091007 PMTC 253,980 328,917 Q 77.22%

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.

Targeted Genetics Corporation (NASDAQ: TGEN), a clinical-stage biotechnology company, engages in the research and development of gene therapy products and technologies for treating acquired and inherited diseases. Its products include rAAV1-SERCA2a, a Phase I/II clinical trial product used for the treatment of heart failure; and tgAAC09, an adeno-associated virus prophylactic vaccine candidate, which is in Phase I and Phase II clinical trials to protect against the progression of human immunodeficiency virus infection to AIDS. The companya�s products also comprise tgAAC94, which is in Phase II trials for the treatment of inflammatory arthritis, including rheumatoid arthritis, psoriatic arthritis, and ankylosing spondylitis; RNAi for the treatment of Huntingtona�s disease; and Inhibition of NADPH oxidase, which is in preclinical stage used for the treatment of amyotrophic lateral sclerosis. The company has collaborative and license agreements with Sirna Therapeutics, Celladon Corporation, International AIDS Vaccine Initiative, National Institute of Allergy and Infectious Diseases, and Amsterdam Molecular Therapeutics B.V. Targeted Genetics Corporation was founded in 1989 and is based in Seattle, Washington.

Leading Brands, Inc. (NASDAQ: LBIX), an integrated beverage company, together with its subsidiaries, engages in the development, production, marketing, and distribution of its branded beverages, and other food and beverage products licensed to the company in North America. It offers water and snack foods. The company also engages in brand licensing and development activities. In addition, it offers beverage bottling services. The company offers its products under the TrueBlue, TrueBlue Lite, PureBlue, Infinite Health Water, Stoked Energy Drink, Die Hard Sports Energy Drink, and Caesara�s Caesar Cocktail brands. It also licenses various brands, which include BooKoo Energy Drinks, Icelandic Glacial Water, and Stewarta�s Fountain Classics. Leading Brands, Inc. was founded in 1986 and is based in Vancouver, Canada.

TFS Financial Corporation (NASDAQ: TFSL) operates as the holding company for Third Federal Savings and Loan Association of Cleveland and Third Capital, Inc. that provides retail consumer banking services in Ohio and Florida. Third Federal Savings and Loan Association offers various deposit accounts, including savings accounts, NOW accounts, certificates of deposit and individual retirement accounts, and other qualified plan accounts. It also originates residential real estate mortgage loans; equity loans and equity lines of credit; and construction loans for the purchase of developed lots and for the construction of single-family residences, as well as commercial and consumer loans. As of September 30, 2008, Third Federal Savings and Loan Association offered its services through 46 banking facilities. Third Capital engages in net lease transactions of commercial buildings; maintains investments in private equity funds; provides escrow and settlement services; and reinsures private mortgage insurance on residential mortgage loans. The company was founded in 1938 and is based in Cleveland, Ohio. TFS Financial Corporation is a subsidiary of Third Federal Savings and Loan Association of Cleveland, MHC.

Trans World Entertainment Corporation (NASDAQ: TWMC), through its subsidiaries, operates as a specialty retailer of entertainment software, including music, video, video games, and related products comprising electronics, accessories, and trend items in the United States. The company operates a chain of mall-based retail entertainment stores under f.y.e., Suncoast Motion Pictures, and Saturday Matinee brand names; and freestanding stores under the f.y.e. brand. It also operates four e-commerce sites, including fye.com, wherehouse.com, secondspin.com, and suncoast.com. As of January 31, 2009, it operated 712 stores in the United States, the District of Columbia, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands. The company was founded in 1972 and is headquartered in Albany, New York.

Nanometrics Incorporated (NASDAQ: NANO), together with its subsidiaries, designs, manufactures, markets, sells, and supports thin film, optical critical dimension, and overlay dimension metrology systems. It offers metrology systems, which include standalone and fully automated systems for high-volume semiconductor manufacturing process control; integrated systems incorporated onto semiconductor and solar photovoltaics (PV) processing systems that provide real-time measurements and feedback; and standalone manual and semi-automated systems used to monitor material characteristics of various silicon and compound semiconductor devices and substrates. The companya�s products also include fourier-transform infrared and photoluminescence metrology systems. Its products are used primarily in manufacturing of semiconductors, solar PV, and high-brightness LEDs, as well as by customers in silicon wafer and data storage industries. The company offers its products through direct sales force, distributors, and representatives in Asia, the United States, and Europe. Nanometrics Incorporated was founded in 1975 and is headquartered in Milpitas, California.

Parametric Technology Corporation (NASDAQ: PMTC) develops, markets, and supports product lifecycle management (PLM) software solutions and related services enabling companies that enhance their product development processes. The companya�s portfolio of PLM solutions primarily include MCAD solutions, such as Pro/ENGINEER, a family of three-dimensional product design solutions based on a parametric, feature-based solid modeler that enables changes made during the design process to be associatively updated throughout the design; CoCreate, a family of CAD, PDM, and collaboration software that enables customers pursuing a design strategy to meet short design cycles and to create one-off product designs; Mathcad, an engineering calculation software solution that combines a computational engine, accessed through conventional math notation, with a full-featured word processor and graphing tools; and Arbortext products. Parametric Technology Corporation also offers data management and collaboration solutions consisting of Windchill, a family of Internet-based content and process management solutions for managing data and relationships, processes, and publications; Arbortext solutions that enable the customers to manage information assets and to streamline their product information delivery processes; and ProductView solutions, which enable enterprise-wide visualization, verification, annotation, and automated comparison of various product development data formats, including MCAD (2D and 3D), ECAD, and documents. It sells its products through its sales force and third-party resellers. The company was founded in 1985 and is headquartered in Needham, 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.

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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