49.5% Of All NASDAQ Trading Friday Was Short Selling. BPAX, BIOS, AVGO, FWRD, CRZO, SYKE Highest % Of Daily Trading Volume Sho

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  Published in Stocks and Investing on Saturday, October 10th 2009 at 12:11 GMT, Last Modified on 2010-12-22 14:53:58

October 12, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Friday, October 9th, 2009 and come to the following statistical conclusions. There were 6,650 stocks with daily short volume reported and total NASDAQ trading volume of 1,334,246,551 shares. Total Daily Short Volume was 660,583,603 shares. 49.5% of all trading on the NASDAQ Friday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. BioSante Pharmaceuticals (NASDAQ: BPAX), BioScrip (NASDAQ: BIOS), Avago Technologies (NASDAQ: AVGO), Forward Air (NASDAQ: FWRD), Carrizo Oil and Gas (NASDAQ: CRZO) and Sykes Enterprises (NASDAQ: SYKE). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20091009 BPAX 42,721 49,046 Q 87.10%

20091009 BIOS 60,695 75,056 Q 80.87%

20091009 AVGO 111,499 139,838 Q 79.73%

20091009 FWRD 69,259 87,578 Q 79.08%

20091009 CRZO 99,607 126,118 Q 78.98%

20091009 SYKE 129,942 164,596 Q 78.95%

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.

BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX), a biopharmaceutical company, develops products for female sexual health, menopause, contraception, and male hypogonadism. It develops calcium phosphate nanotechnology for aesthetic medicine, novel vaccines, and drug delivery. The companya�s products include LibiGel, a transdermal testosterone gel in Phase III development for the treatment of female sexual dysfunction; Elestrin, a transdermal estradiol (estrogen) gel for the treatment of moderate-to-severe vasomotor symptoms associated with menopause; Bio-T-Gel, a transdermal testosterone gel in development for the treatment of hypogonadism, or testosterone deficiency in men; and the Pill-Plus for the treatment of female sexual dysfunction in women using oral or transdermal contraceptives. The companya�s CaP products in development comprise BioLook, which is facial line filler in development using proprietary CaP technology in the area of aesthetic medicine; BioVant for the treatment of viral and bacterial infections and autoimmune diseases; BioOral, a delivery system using CaP technology for oral/buccal/intranasal administration of proteins and other therapies; and BioAir, a delivery system using CaP technology for inhalable versions of proteins and other therapies. The company was founded in 1996 and is based in Lincolnshire, Illinois.

BioScrip, Inc. (NASDAQ: BIOS), a specialty pharmaceutical healthcare organization, provides medications and management solutions for chronic and other healthcare conditions in the United States. It operates through two segments, Specialty Pharmaceutical Services (Specialty Services) and Pharmacy Benefit Management Services (PBM Services). The Specialty Services segment offers local prescription fulfillment, distribution, and patient management services through its community pharmacy network where it stocks medications and provide support and counseling to patients at the point of sale or through delivery; national specialty drug fulfillment, distribution, and patient management services to patients, health plans, manufacturers, and physicians through its mail order facilities; and drug infusion services through its infusion pharmacies for patients requiring infused medications in the home, a physiciana�s office, or ambulatory infusion site. As of December 31, 2008, it owned and operated 39 specialty pharmacies comprising community, mail order, and infusion pharmacies. This segment primarily focus on serving patient populations with chronic health conditions, including psoriasis; growth hormones, thyroid cancer; sickle cell anemia/thalassemia, myelodysplastic syndromes, and bleeding disorders/hemophilia; multiple sclerosis and neuropathies; in office infusions and oral oncolytics; rheumatoid arthritis, osteoarthritis, and osteoporosis; solid organ and bone marrow transplant; and HIV/AIDS, hepatitis, and respiratory syncytial virus. The Specialty Services segment provides PBM services to employers, managed care organizations, third party administrators, and other plan sponsors. This segment offers clinical, formulary and benefit design, drug usage evaluation, pharmacy data, and pharmacy dispensing facility services, as well as discount prescription card programs. The company was founded in 1993 and is based in Elmsford, New York.

Avago Technologies Limited (NASDAQ: AVGO) manufactures analog, mixed-signal, and optoelectronic components and subsystems for the manufacturers in the industrial, automotive, wired networking, wireless communications, consumer, and computer peripheral markets. Its products include application specific integrated circuits, light emitting diodes (LED), LED displays, motion control encoder products, navigation interface devices, optical receivers, optical sensors, optical transceivers, optical transmitters, opto couplers, and radio frequency amplifier and microwave devices. Avagoa�s products are used in various applications, such as cellular phones, data networking and telecom equipment, printers, optical mice, enterprise storage and servers, solid-state lighting, LED lamps and displays, consumer appliances, industrial feedback sensors and motor controllers, auto signaling and dashboard illumination products, and LCD and plasma televisions. The company sells its products through authorized distributors. Avago Technologies Limited was formerly known as Argos Acquisition Pte., Ltd. The company was founded in 2005 and is based in Singapore, Singapore. Avago Technologies Limited is a former subsidiary of Agilent Technologies Inc.

Forward Air Corporation (NASDAQ: FWRD) provides surface transportation and related logistics services to the North American deferred air freight market. The company operates in two segments, Forward Air, Inc. and Forward Air Solutions, Inc. Forward Air, Inc. operates as a contractor to the air cargo industry providing time-definite ground transportation services through a network of 82 terminals located on or near major airports in the United States and Canada. It provides these services as an alternative to air transportation of cargo that must be delivered at a specific time but is relatively less time-sensitive than traditional air freight or when air transportation is not economical. Forward Air Solutions, Inc. provides pool distribution services. Pool distribution involves the consolidation and shipment of various smaller less-than-truckload shipments to a common area or region. This segment deconsolidates the loads at the regional destination, then groups with other shipments with common delivery points, and delivers in a time-sensitive manner. Its pool distribution network consists of 19 terminals within the mid-Atlantic, southeast, Midwest, and southwestern United States. The company was founded in 1981 and is headquartered in Greeneville, Tennessee.

Carrizo Oil & Gas, Inc. (NASDAQ: CRZO), together with its subsidiaries, engages in the exploration, development, and production of natural gas and oil, primarily in the United States. The company focuses on proven and producing natural gas and oil geologic trends in the Barnett Shale area in North Texas with a focus on Southeast Tarrant County, Texas; the Marcellus Shale play in Pennsylvania, New York, West Virginia, and Virginia; and Fayetteville in Arkansas, Barnett/Woodford in West Texas/New Mexico, Floyd/Neal in Mississippi, and the New Albany in Kentucky/Illinois, as well as other properties in the U.K. North Sea. It also explores for, develops, and produces natural gas and oil from traditional geologic trends along the onshore Gulf Coast area in Texas, Louisiana, and Alabama, primarily in the Miocene, Wilcox, Frio, and Vicksburg trends. As of December 31, 2008, the company had approximately 82,331 gross mineral acres under lease and 864 gross and net mineral acres subject to lease options in the Barnett Shale; 230,148 gross acres in the Marcellus shale trend; and data licenses for approximately 8,527 square miles of 3-D seismic data and controlled 40,009 net acres of leasehold in the Gulf Coast area. It had total proved reserves of 502,584 million cubic feet equivalent of oil and natural gas. Carrizo Oil & Gas, Inc. was founded in 1993 and is based in Houston, Texas.

Sykes Enterprises, Incorporated (NASDAQ: SYKE), together with its subsidiaries, provides outsourced customer contact management solutions and services in the business process outsourcing arena. The company offers various services, including customer assistance, healthcare and roadside assistance, technical support, and product sales through phone, email, Web, and chat. It also provides various enterprise support services, which include technical staffing and outsourced corporate help desk services. In addition, the company offers fulfillment services comprising multilingual sales order processing through the Internet and phone, inventory control, product delivery, and product returns handling. It serves companies, medium sized businesses, and public institutions in the communications, technology/consumer, financial services, healthcare, and transportation and leisure industries. The company operates operations in the United States, Canada, Latin America, the Asia Pacific, Europe, the Middle East, and Africa. Sykes Enterprises, Incorporated was founded in 1977 and is headquartered in Tampa, Florida.

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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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