Stocks & Investing
Stocks and Investing
Stocks and Investing
Mon, October 12, 2009
Sat, October 10, 2009
Fri, October 9, 2009 ONNN, QCOM, CENX, ERTS, ADBE, PALM With Highest Daily Short Volume On NASDAQ Thursday
October 9, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Thursday, October 8th, 2009 and come to the following statistical conclusions. There were 6,689 stocks with daily short volume reported and total NASDAQ trading volume of 1,782,963,499 shares. Total Daily Short Volume was 916,352,704 shares. 51.39% of all trading on the NASDAQ Thursday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. ON Semiconductor (NASDAQ: ONNN), Qualcomm (NASDAQ: QCOM), Century Aluminum (NASDAQ: CENX), Electronic Arts (NASDAQ: ERTS), Adobe (NASDAQ: ADBE) and Palm Inc. (NASDAQ: PALM). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT
20091008 ONNN 2,537,064 4,843,835 Q 52.38%
20091008 QCOM 2,388,453 7,588,070 Q 31.48%
20091008 CENX 2,087,381 3,467,239 Q 60.20%
20091008 ERTS 1,918,513 3,233,197 Q 59.34%
20091008 ADBE 1,776,720 2,938,724 Q 60.46%
20091008 PALM 1,630,249 2,801,494 Q 58.19%
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.
ON Semiconductor Corporation (NASDAQ: ONNN) offers power, analog, digital signal processing, mixed signal, logic, data management semiconductors, memory, and standard component devices worldwide. The company designs, manufactures, and markets a portfolio of semiconductor components that address the design needs of electronic systems and products. Its power management semiconductor components are used to control, convert, protect, and monitor the supply of power to different elements within various electronic devices; and data management semiconductor components provide clock management and data flow management for precision computing and communications systems. Its Automotive and Power Regulation segment offers amplifiers, comparators, voltage regulators, and references; AC-DC/DC-DC converters; ignition insulated gate bipolar transistors; and high voltage MOS field effect transistors used in power conditioning and switching applications. The companya�s Computing Products segment provides controllers and power MOSFETs for power management in VCORE, DDR, and chipsets. Its Digital and Consumer Products segment offers products for digital portable devices in four application areas, such as system power management with FETs and DC-DC converters; EMI and RF filtering; audio and video signal distribution with analog switches and op amps; and LED lighting solutions for LCD screens and camera flash. The companya�s Standard Products segment provides standard diode and transistor products, over-voltage protection products, standard logic products, and high frequency products for consumer electronics, computing, wireless communications, industrial electronics, and networking markets. Its Custom And Foundry Product Group segment engages in the design and manufacture of customer-specific and standard semiconductor products for the automotive, medical, industrial, communications, and military, and aerospace markets. The company was founded in 1999 and is headquartered in Phoenix, Arizona.
QUALCOMM Incorporated (NASDAQ: QCOM) designs, manufactures, and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. The company operates in four segments: Qualcomm code division multiple access technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Wireless and Internet (QWI), and Qualcomm Strategic Initiatives (QSI). QCT segment develops and supplies CDMA-based integrated circuits and system software for wireless voice and data communications and multimedia functions, as well as global positioning system products used in wireless devices, including mobile phones, data cards, and infrastructure equipment. QTL segment grants licenses to use portions of its intellectual property portfolio comprising patent rights useful in the manufacture and sale of certain wireless products, such as products implementing cdmaOne, CDMA2000, WCDMA, CDMA TDD, and/or OFDMA standards and their derivatives. QWI segment sells equipment, software, and services used by transportation and other companies to connect wirelessly with their assets, products, and workforce; and products that operate on the Globalstar low-Earth-orbit satellite-based telecommunications system. It also provides BREW-based products that include user interface, and content delivery and management products and services for the wireless industry; QChat that enables instantaneous push-to-talk functionality on CDMA-based wireless devices; development, hardware, and analytical expertise involving wireless communications technologies to United States government agencies; and an application embedded on select wireless devices, which enables financial institutions and merchants to deliver branded services to consumers through the mobile devices. QSI segment makes strategic investments to promote the worldwide adoption of CDMA-based products and services. The company was founded in 1985 and is based in San Diego, California.
Century Aluminum Company (NASDAQ: CENX), through its subsidiaries, produces primary aluminum in the United States and internationally. The company offers molten aluminum, as well as standard-grade ingot, extrusion billet, and other value-added primary aluminum products. It also holds 50 percent joint venture interests in the Gramercy alumina refinery, located in Gramercy, Louisiana and a related bauxite mining operation in Jamaica. The company was founded in 1981 and is based in Monterey, California.
Electronic Arts Inc. (NASDAQ: ERTS) develops, markets, publishes, and distributes video game software and content. Its software and content are playable on various consumer platforms, such as video game consoles, personal computers, handheld game players, and wireless devices, such as cellular and smart phones. The company develops and markets a portfolio of games under the EA brand in categories, such as action-adventure, role playing, racing, and combat games; and massively-multiplayer online role-playing games under the EA Games label. It also provides a collection of sports-based video games, such as simulated sports based on real-world sports leagues, players, events, and venues, as well as casual games with arcade-style gameplay and graphics under EA SPORT label. In addition, the company creates games under EA Play label for core and non-core gamers of various ages, which include life simulation games, The Sims and MySims; and games published under licenses, such as Harry Potter under license from Warner Bros.; and video games based on Hasbro board games and toys. Further, it offers casual games, such as card games, puzzle games, and word games through its Pogo online service, as well as provides Internet-based advertising and digital content; and games and other content for wireless devices through wireless carriers. The company provides its products through mass market retailers, electronics specialty stores, game software specialty stores, online stores, and mail-order, as well as distributors. It has operations in North America, Europe, Australia, Asia, and Latin America. Electronic Arts Inc. was founded in 1982 and is headquartered in Redwood City, California.
Adobe Systems Incorporated (NASDAQ: ADBE) offers business and mobile software and services worldwide. Its Creative Solutions segment provides software tools for professional publishing, Web design and development, professional photography, video production, animation, and motion graphic production, as well as printing visually rich information. The Knowledge Worker segment offers essential applications and services to help enterprises to share information and collaborate various job functions. The companya�s Enterprise segment provides server-based enterprise interaction solutions that automate people-centric processes. Ita�s Mobile and Device Solutions segment offers solutions that create compelling experiences through content, user interfaces, and data services on mobile and non-PC devices, such as cellular phones, consumer devices, and Internet connected hand-held devices. The Platform segment provides the Adobe Flash Platform that includes client and developer technologies, which enable the development of products and solutions. Its Print and Publishing segment offers various products and services, which address market opportunities ranging from the publishing needs of technical and business publishing to the companya�s OEM printing businesses. The companya�s products and services are used by professionals, designers, knowledge workers, high-end consumers, OEM partners, developers, and enterprises for creating, managing, delivering, and engaging with content and experiences across multiple operating systems, devices, and media. It distributes its products through distributors and dealers, value-added resellers, systems integrators, independent software vendors, and OEMs; and directly to end users, as well as through its Website at adobe.com. The company also licenses its technology to hardware manufacturers, software developers, and service providers. It has a strategic alliance with Brightcove Inc. Adobe Systems was founded in 1982 and is headquartered in San Jose, California.
Palm, Inc. (NASDAQ: PALM) provides mobile products for individual users and business customers worldwide. The company offers integrated technologies that enable people to stay connected with their family, friends, and colleagues; access and share the information; and manage their daily lives on the go. Its products include Palm Pre, Treo, and Centro smartphones, which provide a range of productivity tools and personal and entertainment applications for the consumer and business markets. The company also offers Palm webOS, an operating system for mobile use, as well as provides related services, including software updates, back-up and restore of certain data, remote erase of a device, and access to the applications catalog. The company also offers handheld computers, as well as various add-ons and accessories, including memory expansion cards, micro USB cables, charging kits, vehicle power adapters, and carrying cases. Palm, Inc. sells its products to wireless carriers, distributors, retailers, and resellers through Internet, retail, reseller, and wireless carrier channels worldwide, as well as through its online stores. The company was formerly known as palmOne, Inc. and changed its name to Palm, Inc. in July 2005. Palm, Inc. was founded in 1992 and is headquartered in Sunnyvale, California. As of July 27, 2000, Palm, Inc. operates independently of 3Com Corporation.
About BUYINS.NET
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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