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BSBR, CTIC, UCBH, NWSA, BRCM, COST With Highest Daily Short Volume On NASDAQ Wednesday

^{Published on 2009-10-07 14:38:34, Last Modified on 2010-12-22 14:52:51 - 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 the highest daily short volume yesterday. Banco Santander Brasil (NYSE: BSBR), Cell Therapeutics (NASDAQ: CTIC), UCBH Holdings (NASDAQ: UCBH), News Corp (NASDAQ: NWSA), Broadcom (NASDAQ: BRCM) and Costco Wholesale (NASDAQ: COST). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20091007 BSBR 3,587,369 11,740,877 Q 30.55%

20091007 CTIC 3,015,318 10,237,513 Q 29.45%

20091007 UCBH 2,589,580 6,581,423 Q 39.35%

20091007 NWSA 2,358,720 4,928,988 Q 47.85%

20091007 BRCM 1,781,865 3,203,099 Q 55.63%

20091007 COST 1,699,024 3,321,717 Q 51.15%

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.

Spanish banking giant Grupo Santander raised $8 billion from selling a 16% stake in Banco Santander Brasil (NYSE: BSBR) in an initial public offering in Brazil. Santander, like VisaNet, is aiming for greater exposure to Latin America's largest economy, whose growth prospects stem in part from a range of commodity-based offerings and a growing middle class.

Cell Therapeutics, Inc. (NASDAQ: CTIC), a biopharmaceutical company, develops, acquires, and commercializes oncology products for cancer treatment. Its development portfolio includes Pixantrone, a phase III trial product, for non-Hodgkina�s lymphoma; Brostallicin, which is in first-line Phase II study for the treatment of sarcoma; and OPAXIO, a chemotherapeutic agent for the potential treatment of non-small cell lung, ovarian, and other cancers. It has collaboration and licensing arrangements with Novartis International Pharmaceutical, Ltd.; and PG-TXL Company, L.P. The company was founded in 1991 and is headquartered in Seattle, Washington.

UCBH Holdings, Inc. (NASDAQ: UCBH) operates as the bank holding company for United Commercial Bank, which provides personal and commercial banking services to small-and medium-sized businesses, business executives, professionals, and other individuals. It primarily engages in generating deposits and originating loans. The companya�s deposit products include business and personal checking accounts, NOW accounts, savings and money market accounts, time deposits, and individual retirement accounts. Its lending portfolio comprises commercial real estate loans, construction loans, commercial loans, accounts receivable and inventory loans, short-term trade finance facilities, loans guaranteed by the United States Small Business Administration, multifamily real estate loans, residential mortgage loans, and home equity lines of credit. The company also provides merchant bankcard, cash management, private client, brokerage investment products, and online banking services, as well as offers trade finance facilities for customers involved in the import and/or export of goods principally between Asia and the United States. In addition, UCBH Holdings sells fixed and variable annuities, life insurance, and covered options. As of December 31, 2007, it had 51 branches in California, 5 in Atlanta metropolitan area, 3 in the Boston metropolitan area, 1 branch in Houston, 8 in the New York metropolitan area, 2 in the Seattle metropolitan area, and branches in Hong Kong and China, as well as representative offices in Shanghai and Shenzhen, China and Taipei, Taiwan. The company was founded in 1974 and is headquartered in San Francisco, California.

News Corporation (NASDAQ: NWSA) operates as a diversified media company worldwide. The companya�s Filmed Entertainment segment produces live-action and animated motion pictures for distribution and licensing in entertainment media, as well as produces and licenses television programming worldwide. Its Television segment operates approximately 27 broadcast television stations and broadcasts network programming in the United States; and develops, produces, and broadcasts television programming in Asia. The companya�s Cable Network Programming segment produces and licenses programming distributed through cable television systems and direct broadcast satellite operators primarily in the United States. Its Direct Broadcast Satellite Television segment distributes premium programming services via satellite and broadband directly to subscribers in Italy. The companya�s Magazines and Inserts segment publishes free-standing inserts, which are promotional booklets containing consumer offers distributed in the United States; and provides in-store marketing products and services, primarily to consumer packaged goods manufacturers in the United States and Canada. Its Newspapers and Information Services segment publishes The Times, The Sunday Times, The Sun, and News of the World national newspapers in the United Kingdom; approximately 146 newspapers in Australia; and metropolitan newspaper and a national newspaper in the United States, as well as offers various information services. The companya�s Book Publishing segment publishes English language books worldwide. Its Other segment sells advertising, sponsorships, and subscription services on the companya�s various digital media; and outdoor advertising space on various media, primarily in the Russian Federation and eastern Europe. This segment also provides mobile entertainment services. News Corporation was founded in 1922 and is headquartered in New York, New York.

Broadcom Corporation (NASDAQ: BRCM) engages in the design, development, and supply of semiconductors for wired and wireless communications equipment manufacturers. The companya�s products enable the delivery of voice, video, data, and multimedia to and throughout the home, office, and mobile environment. It provides a portfolio of system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. The company offers solutions for digital cables, satellite and Internet protocol set-top boxes, and media servers; high definition televisions; high definition DVD players and personal video recording devices; cable and digital subscriber line modems and residential gateways; high-speed transmission and switching for local, metropolitan, wide area, and storage networking; and server solutions. It also provides its solutions for broadband network and security processors; wireless and personal area networking; cellular communications; global positioning system applications; mobile multimedia and applications processors; mobile power management; and voice over Internet protocol gateway and telephony systems. The company markets its products in the United States through direct sales force, distributors, and manufacturersa� representatives. Broadcom Corporation also sells its products internationally through regional offices, as well as through a network of independent distributors and representatives in Asia, Australia, Europe, and North America. The company was founded in 1991 and is headquartered in Irvine, California.

Costco Wholesale Corporation (NASDAQ: COST) operates membership warehouses that offer a selection of branded and private label products in a range of merchandise categories in no-frills, self-service warehouse facilities. The companya�s product categories include candy, snack foods, tobacco, alcoholic and non-alcoholic beverages, and cleaning and institutional supplies; appliances, electronics, health and beauty aids, hardware, office supplies, garden and patio, sporting goods, furniture, and automotive supplies; dry and institutionally packaged foods; apparel, domestics, jewelry, housewares, media, home furnishings, cameras, and small appliances; meat, bakery, deli, and produce; and gas stations, pharmacy, food court, optical, one-hour photo, hearing aid, and travel. It offers Business and Gold Star (individual) memberships. As of February 15, 2009, Costco operated a chain of 550 warehouses comprising 403 in 40 states and Puerto Rico, 76 in Canada, 21 in the United Kingdom, 6 in Korea, 5 in Taiwan, and 8 in Japan, as well as 31 warehouses in Mexico through a 50%-owned joint venture. It also offers its products through Web sites costco.com in the U.S. and costco.ca in Canada. The company, formerly known as Costco Companies, Inc., was founded in 1976 and is based in Issaquah, Washington.

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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.

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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