


47.9% Of All NYSE Trading Monday Was Short Selling. TLB, MHR, PPO, SSN, JAH, INO Highest % Of Daily Trading Volume Short
October 13, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Monday, October 12th, 2009 and come to the following statistical conclusions. There were 6,401 stocks with daily short volume reported and total NYSE trading volume of 786,098,716 shares. Total Daily Short Volume was 376,809,328 shares. 47.9% of all trading on the NYSE Monday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Talbots (NYSE: TLB), Magnum Hunter Resources (AMEX: MHR), Polypore International (NYSE: PPO), Samson Oil and Gas (AMEX: SSN), Jarden Corp (NYSE: JAH) and Inovio Biomedical Corp (AMEX: INO). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Symbol Short Volume Total Volume Market Percent
20091012 TLB 97,460 107,160 P 90.95%
20091012 MHR 84,570 93,370 P 90.58%
20091012 PPO 66,506 74,206 P 89.62%
20091012 SSN 64,700 73,300 P 88.27%
20091012 JAH 136,274 160,730 P 84.78%
20091012 INO 67,400 80,140 P 84.10%
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.
The Talbots, Inc. (NYSE: TLB), together with its subsidiaries, operates as a specialty retailer and direct marketer of womena�s apparel, shoes, and accessories. It offers classic sportswear, casual wear, dresses, coats, sweaters, accessories, and shoes in misses, petites, woman, and woman petite sizes. The company also markets its products online through its Web site at talbots.com, as well as through various catalogs. As of January 31, 2009, it operated 587 stores under the Talbots brand name in the United States, the District of Columbia, and Canada. The company was founded in 1947 and is based in Hingham, Massachusetts. The Talbots, Inc. is a subsidiary of AEON (U.S.A.), Inc.
Magnum Hunter Resources Corporation (AMEX: MHR) operates as an independent exploration and production company, engages in the acquisition, drilling, and production of crude oil and natural gas properties and prospects, including producing properties, secondary enhanced oil recovery projects, and exploration prospects in the United States. The company owns interests in approximately 50,611 net leasehold acres, of which 43,281 net acres are undeveloped acreage. As of December 31, 2008, it had estimated net total proved reserves of approximately 3,118,079 barrels of oil equivalent, of which approximately 2,409,253 barrels of oil equivalent were crude oil reserves and 708,826 barrels of oil equivalent were natural gas reserves. Magnum Hunter Resources Corporation was formerly known as Petro Resources Corporation and changed its name to Magnum Hunter Resources Corporation on July 14, 2009. The company is based in Houston, Texas.
Polypore International, Inc. (NYSE: PPO), a technology filtration company, develops, manufactures, and markets microporous membranes used in separation and filtration processes. The company operates through two segments, Energy Storage and Separations Media. The Energy Storage segment offers polypropylene and polyethylene monolayer and multilayer membrane separators for lithium batteries for the use in personal electronic devices, cordless power tools, and hybrid electric and other electric vehicles. This segment also provides polymer-based membrane separators for lead-acid batteries for the use in transportation and industrial applications comprising automobiles and other motor vehicles, forklifts, submarines, and uninterruptible power supply systems. The Separation Media segment offers healthcare application products, which include polyethersulfone membranes for hemodialysis; polypropylene and polymethylpentene membranes for blood oxygenation; and polypropylene and polyethersulfone membranes for plasmapheresis. This segment also produces membranes and membrane-based elements for micro-filtration and ultra-filtration and gasification/degasification of liquids for the filtration industry. Polypore International sells its products to manufacturers and converters in North America, South America, western Europe, and Asia. The company is headquartered in Charlotte, North Carolina.
Samson Oil & Gas Limited (AMEX: SSN), together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in the United States. The company owns interests in various projects located in Wyoming, North Dakota, New Mexico, and Texas. Samson Oil & Gas Limited was founded in 1980 and is headquartered in Perth, Australia.
Jarden Corporation (NYSE: JAH) engages in the manufacture, sourcing, marketing, and distribution of consumer products worldwide. The company operates in three segments: Outdoor Solutions, Consumer Solutions, and Branded Consumables. The Outdoor Solutions segment provides consumer lifestyle products, including camping and outdoor equipment, such as air beds, camping stoves, coolers, foldable furniture, gas and charcoal grills, lanterns and flashlights, propane fuel, sleeping bags, and tents; water recreation products consisting of tow-behinds, boats, and kayaks; fishing equipment; team sports equipment; skiing, snowboarding, snowshoeing, and in-line skating products; and water sports equipment, personal flotation devices, and all-terrain vehicle gears. It distributes its products through mass merchandisers, sporting goods and outdoor recreation stores, club stores, and wholesalers, as well as owned factory outlet stores and the Internet. The Consumer Solutions segment offers clippers and trimmers; electric blankets, mattress pads, and throws; household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, toasters, toaster ovens, and vacuum packaging machines; personal care and wellness products, including fans, humidifiers, heaters and air purifiers; hospitality products; and scales for consumer use. It sells its products through department stores, specialty retailers, and mass merchants. The Branded Consumables segment provides household staples, including arts and crafts paint brushes, childrena�s card games, clothespins, collectible tins, cordage, firelogs and firestarters, home safety equipment, home canning jars and accessories, kitchen matches, other craft items, plastic cutlery, playing cards and accessories, storage and workshop accessories, toothpicks, and other accessories through club, drug, grocery, hardware, mass merchant, and specialty retailers. The company was founded in 1991 and is headquartered in Rye, New York.
Inovio Biomedical Corporation (AMEX: INO) engages in the design, development, and delivery of a new generation of vaccines, called DNA vaccines, focused on cancers and infectious diseases. The companya�s SynCon technology enables the design of DNA-based vaccines capable of providing cross-protection against evolving, unmatched strains of pathogens, such as influenza. Inovioa�s proprietary electroporation DNA delivery technology uses brief, controlled electrical pulses to increase cellular DNA vaccine uptake. The company also has access to formulation and manufacturing expertise, and technology through its controlling ownership in VGX International. Inovioa�s clinical programs include trials for HPV/cervical cancer (therapeutic) and HIV vaccines; and an IND has been filed for an avian influenza vaccine. Its partners and collaborators include Merck, Tripep, University of Southampton, University of Pennsylvania, HIV Vaccines Trial Network, NIH Vaccine Research Center, and National Microbiology Laboratory of the Public Health Agency of Canada. The company was formerly known as Genetronics Biomedical Corp. and changed its name to Inovio Biomedical Corporation in March 2005. The company was founded in 1983 and is based in San Diego, California.
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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.
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