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BAC, AAI, MS, LIZ, MAR, TCK With Highest Daily Short Volume On NYSE Thursday

^{Published on 2009-10-08 17:09:17, Last Modified on 2010-12-22 14:53:22 - WOPRAI}
 

October 9, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Thursday, October 8th, 2009 and come to the following statistical conclusions. There were 6,453 stocks with daily short volume reported and total NYSE trading volume of 1,135,098,035 shares. Total Daily Short Volume was 556,264,755 shares. 49.01% of all trading on the NYSE Thursday was short selling. The chart below highlights 6 stocks that had the highest daily short volume on Thursday. Bank of America (NYSE: BAC), AirTran Holdings (NYSE: AAI), Morgan Stanley (NYSE: MS), Liz Claiborne (NYSE: LIZ), Marriott International (NYSE: MAR) and Teck Resources (NYSE: TCK). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091008 BAC 4,371,140 10,900,229 P 40.10%

20091008 AAI 1,712,436 2,961,665 P 57.82%

20091008 MS 1,328,816 2,356,775 P 56.38%

20091008 LIZ 1,200,273 2,487,795 P 48.25%

20091008 MAR 1,170,778 1,571,868 P 74.48%

20091008 TCK 1,116,418 2,552,451 P 43.74%

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.

Bank of America Corporation (NYSE: BAC), a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. Its Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services. The companya�s Global Corporate and Investment Banking segment provides commercial and corporate bank loans, indirect consumer loans, real estate lending products, and leasing and asset-based lending products for banking clients, middle market commercial clients, multinational corporate clients, public and private developers, homebuilders, and commercial real estate firms; advisory services, financing, and related products for institutional investor clients in support of their investing and trading activities; debt and equity underwriting, merger-related advisory services, and risk management solutions; and treasury management, trade finance, foreign exchange, short-term credit facilities, and short-term investing options for correspondent banks, commercial real estate firms, and governments. The companya�s Global Wealth and Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and diversified asset management products to institutional clients and high-net-worth individuals. As of December 31, 2008, the company operated approximately 6,100 banking centers and 18,700 automated teller machines. Bank of America was founded in 1874 and is headquartered in Charlotte, North Carolina.

AirTran Holdings, Inc. (NYSE: AAI), through its subsidiary, AirTran Airways, Inc., provides scheduled airline services in the United States. It operates scheduled airline service primarily in short-haul markets in the eastern United States, with flights originating and terminating at its hub in Atlanta, Georgia. As of February 2, 2009, the company operated 86 Boeing B717-200 and 50 Boeing B737-700 aircraft offering approximately 700 scheduled flights per day to 56 locations in the United States. AirTran Holdings serves its customers through the Internet, travel agencies, and its reservation call centers. The company was founded in 1992 and is headquartered in Orlando, Florida.

Morgan Stanley (NYSE: MS), a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company has three segments: Institutional Securities, Global Wealth Management Group, and Asset Management. The Institutional Securities segment engages in various activities, including capital raising; provision of financial advisory services principally on mergers and acquisitions, divestitures, corporate defense strategies, joint ventures, privatizations, recapitalizations, spin-offs, corporate restructurings, shareholder relations, tender offers, exchange offers, and leveraged buyouts; corporate lending; sales, trading, financing, and market-making activities in equity and fixed income securities and related products comprising foreign exchange and commodities; benchmark indices and risk management analytics; and investment. The Global Wealth Management Group (a Morgan Stanley Smith Barney a joint venture) segment provides brokerage and investment advisory services covering various investment alternatives comprising equities, options, futures, foreign currencies, precious metals, fixed income securities, mutual funds, and structured products, unit investment trusts, and managed accounts; financial and wealth planning services; annuity and insurance products; credit and other lending products; cash management services; retirement services; and trust and fiduciary services. The Asset Management segment offers products and services in equity, fixed income, and alternative investments, which include hedge funds, fund of funds, real estate, private equity, and infrastructure to institutional and retail clients through proprietary and third party distribution channels. This segment also involves in investment activities. Morgan Stanley has a strategic alliance with Mitsubishi UFJ Financial Group, Inc. The company was founded in 1935 and is headquartered in New York, New York.

Liz Claiborne Inc. (NYSE: LIZ), through its subsidiaries, engages in the design and marketing of a range of apparel and accessories worldwide. It offers womena�s, mena�s, and childrena�s contemporary apparel, denim and casual sportswear, intimate apparel, classic career and casual apparel for women, and activewear. The company also provides various accessories, including jewelry, handbags, and fragrances, as well as bath and body-care products. Liz Claiborne offers its products under the JUICY COUTURE, KATE SPADE, and LUCKY BRAND; and AXCESS, CLAIBORNE, CONCEPTS BY CLAIBORNE, KENSIE, LIZ & CO., LIZ CLAIBORNE, MAC & JAC, MARVELLA, MONET, TRIFARI, DKNY JEANS, DKNY ACTIVE, and DKNY MENS brand names, as well as under the MEXX brand. As of January 3, 2009, the company operated a total of 443 specialty retail stores, including 291 in the United States and 152 primarily in western Europe and Canada; and 365 outlet stores comprising 212 in the United States and 153 primarily in western Europe and Canada. It also engages in e-commerce and licensing operations relating to its various retail and wholesale brands. The company was founded in 1976 and is based in New York, New York.

Marriott International, Inc. (NYSE: MAR), a hospitality company, operates and franchises hotels and related lodging facilities worldwide. It develops, operates, and franchises hotels and corporate housing properties under 14 brand names. The company also develops, operates, markets, and sells timeshare interval, fractional ownership, and residential properties under four brand names. In addition, it provides services to home/condominium owner associations for projects associated with its brands. As of January 2, 2009, the company operated or franchised 3,178 lodging properties with 560,681 rooms, and provided 2,332 furnished corporate housing rental units. It has a collaboration agreement with Nickelodeon to provide family entertainment programs to various JW Marriott, Marriott, and Renaissance resorts in the United States and internationally. Marriott International, Inc. founded in 1971 and is based in Bethesda, Maryland.

Teck Resources Limited (NYSE: TCK) operates as a diversified mining, mineral processing, and metallurgical company. The company engages in a range of activities related to mining, including exploration, development, smelting, refining, environmental protection, product stewardship, recycling, and research. It principally produces copper, metallurgical coal, metallurgical zinc, gold, molybdenum, and specialty metals. Teck Resources also holds interests in various oil sands development assets. It owns or has interests in 15 operating mines in Canada, the United States, Chile, and Peru; and 1 metallurgical complex in Canada. In addition, it involves in exploration business in the Americas, the Asia Pacific, Europe, and Africa. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited on April 23, 2009. Teck Resources was founded in 1906 and is headquartered in Vancouver, Canada.

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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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