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AA, HAL, Q, CAR, MYL, SLW With Highest Daily Short Volume On NYSE Wednesday

^{Published on 2009-10-07 15:11:14, Last Modified on 2010-12-22 14:52:56 - WOPRAI}
 

October 8, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Wednesday, October 6th, 2009 and come to the following statistical conclusions. There were 6,392 stocks with daily short volume reported and total NYSE trading volume of 978,056,559 shares. Total Daily Short Volume was 466,039,074 shares. 47.6% of all trading on the NYSE Wednesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume on Wednesday. Alcoa (NYSE: AA), Halliburton (NYSE: HAL), Qwest Communications (NYSE: Q), Avis Budget Group (NYSE: CAR), Mylan (NYSE: MYL) and Silver Wheaton (NYSE: SLW). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091007 AA 2,416,898 4,396,113 P 54.98%

20091007 HAL 1,397,185 1,987,135 P 70.31%

20091007 Q 1,232,243 1,891,756 P 65.14%

20091007 CAR 1,126,116 1,465,926 P 76.82%

20091007 MYL 972,677 1,464,989 P 66.39%

20091007 SLW 951,551 1,780,591 P 53.44%

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.

Alcoa Inc. (NYSE: AA) engages in the production and management of primary aluminum, fabricated aluminum, and alumina worldwide. It involves in the technology, mining, refining, smelting, fabricating, and recycling of aluminum. The companya�s products include precision castings, and aerospace and industrial fasteners. Alcoa offers flat-rolled products, such as sheet and plate, foil products, and can reclamations; extruded and end products, including extrusion and architectural products; auto engineering products; and automotive components. Its products are used in aircraft, automobiles, commercial transportation, building and construction, oil and gas, defense, and industrial applications. The company has bauxite mining interests in Australia, Brazil, Guinea, Jamaica, and Suriname. It has a collaboration agreement with CIMC Vehicle (Shandong) Co. Ltd. to design and develop an aluminum fuel tanker trailer for the Asian market; and a strategic cooperation agreement with the Peoples Government of Henan Province in China to jointly establish projects for the fabricated and primary aluminum industry. Alcoa was founded in 1888 and is based in New York, New York.

Halliburton Company (NYSE: HAL) provides various products and services to the energy industry for the exploration, development, and production of oil and gas properties worldwide. It company operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment provides production enhancement services, completion tools and services, and cementing services. Its production enhancement services include stimulation services, pipeline process services, sand control services, and well intervention services; completion tools and services comprise subsurface safety valves and flow control equipment, surface safety systems, packers and specialty completion equipment, intelligent completion systems, expandable liner hanger systems, sand control systems, well servicing tools, and reservoir performance services; and cementing services consist of bonding the well and well casing, while isolating fluid zones and maximizing wellbore stability, and casing equipment. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and well construction solutions that enable customers to model, measure, and optimize their well placement and reservoir evaluation activities. Its services include fluid services, drilling services, drill bits, wireline and perforating services, software and asset solutions, and project management services. In addition, the company provides microseismic fracture mapping services and tiltmeter mapping services. It serves national and independent oil and gas companies. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas.

Qwest Communications International Inc. (NYSE: Q) provides data, Internet, video, and voice services in the United States and internationally. The company offers its products and services using telecommunications network, which consists of voice and data switches, copper cables, fiber optic broadband cables, and other equipment to mass markets, business, and wholesale customers. It provides various data and Internet services, including private line, multi-protocol label switching, broadband, and data integration services, as well as Web hosting and related services comprising provision space, power, bandwidth, and managed services in data centers; and server and application management, back-up, disaster recovery, and Web design services. Its data and Internet services also consist of traditional wide area network products, such as ATM, frame relay, dedicated Internet access, and virtual private network; integrated services digital network; and Internet dial-up access. The companya�s voice services include local voice services comprising basic local exchange and switching services; local voice exchange services, such as caller ID, call waiting, call return, 3-way calling, call forwarding, and voice mail; long-distance voice services consisting of domestic and international long-distance services, and toll free services; and wireless products and services. Qwest Communications Internationalas data, Internet, and video services comprise Internet, Internet-based services, and digital television. The company also engages in lease and sublease of real estate properties, such as space in office buildings, warehouses, and other properties. It sells its products and services through its sales and call centers, Web site, telemarketing, retail stores, and kiosks, as well as relationships and arrangements with third-party sales agents. The company has a strategic partnership with DIRECTV Group Inc. Qwest Communications International was founded in 1983 and is based in Denver, Colorado.

Avis Budget Group, Inc. (NYSE: CAR) provides car and truck rentals, and ancillary services to businesses and consumers in the United States and internationally. The company supplies rental cars to the premium commercial and leisure segments of the travel industry under the Avis brand name; and to the price-conscious segments of the industry under the Budget brand name. It also provides Avis Preferred, a counter bypass program; Where2, a GPS navigation system; Avis Cool Cars, a line of fun-to-drive vehicles; Roving Rapid Return, a wireless technology, which permits customers to obtain a printed charge record from service agents; Avis Access, a program for drivers and passengers with disabilities; Avis Interactive, a management tool for corporate clients to view and analyze their rental activity via Internet through account analysis and activity reports; Avis First Program, a customer loyalty program that rewards customers with additional benefits for frequent rentals; and Chauffeur Drive, a service, which allows customers to hire a professional driver to drive their Avis rental car. In addition, the company offers Fastbreak, an expedited rental service for frequent travelers; Budget Small Business Program, a program for small businesses that offers discounted rates and central billing options; and Unlimited Budget, a loyalty program for travel professionals. Further, it engages in the sale and/or rental of supplemental equipment, loss damage waivers, additional/supplemental liability insurance, personal accident/effects insurance, fuel service options, fuel service charges, and electronic toll collection. It was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in August 2006. Avis Budget Group was founded in 1946 and is based in Parsippany, New Jersey.

Mylan Inc. (NYSE: MYL) and its subsidiaries engage in the development, manufacture, marketing, licensing, and distribution of generic, brand, and branded generic pharmaceutical products and active pharmaceutical ingredients (APIs). It operates in three segments: Generics, Specialty, and Matrix. The Generics segment offers generic or branded generic pharmaceutical products in tablet, capsule, or transdermal patch form. This segment markets its products for the proprietary and ethical pharmaceutical wholesalers and distributors, drug store chains, drug manufacturers, institutions, and public and governmental agencies located primarily in the United States, Canada, Europe, the Middle East, Africa, Australia, Japan, and New Zealand. The Specialty segment provides branded specialty nebulized and injectable products for life-threatening conditions. Its principal products comprise EpiPen, used for the treatment of severe allergies; and Perforomist Inhalation Solution, a long-acting beta2-adrenergic agonist indicated for the maintenance treatment of bronchoconstriction in chronic obstructive pulmonary disease patients. This segment markets its products to the pharmaceutical wholesalers and distributors located primarily in the United States. The Matrix segment offers APIs and finished dosage forms, as well as distributes branded generic products. It produces APIs for use in the manufacture of its own pharmaceutical products, as well as for use by third-parties, in various categories, including anti-bacterials, central nervous system agents, anti-histamine/anti-asthmatics, cardiovasculars, anti-virals, anti-diabetics, anti-fungals, proton pump inhibitors, and pain management drugs. The Matrix segment also offers anti-retroviral (ARV) APIs used in the treatment of HIV, as well as suppliers generic ARV APIs. The company was formerly known as Mylan Laboratories Inc. and changed its name to Mylan Inc. in October 2007. Mylan Inc. was founded in 1961 and is based in Canonsburg, Pennsylvania.

Silver Wheaton Corp. (NYSE: SLW) operates as a silver streaming company. The company purchases silver form Luismin, Peasquito, Campo Morado, and La Negra mines in Mexico; Zinkgruvan mine in Sweden; Yauliyacu mine in Peru; Stratoni mine in Greece; Mineral Park mine in Arizona; and Keno Hill property in Canada. The company was incorporated in 1994 and is headquartered in Vancouver, Canada.

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