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SBUX, LLTC, SNDK, WYNN, MPEL, ENER With Highest Daily Short Volume On NASDAQ Monday

^{Published on 2009-10-12 16:16:17, Last Modified on 2010-12-22 14:54:51 - WOPRAI}
 

October 13, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Monday, October 12th, 2009 and come to the following statistical conclusions. There were 6,705 stocks with daily short volume reported and total NASDAQ trading volume of 1,240,168,455 shares. Total Daily Short Volume was 615,765,363 shares. 49.65% of all trading on the NASDAQ Monday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Starbucks (NASDAQ: SBUX), Linear Technology (NASDAQ: LLTC), SanDisk (NASDAQ: SNDK), Wynn Resorts (NASDAQ: WYNN), Melco Crown Entertainment (NASDAQ: MPEL) and Energy Conversion Devices (NASDAQ: ENER). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20091012 SBUX 1,913,633 2,912,342 Q 65.71%

20091012 LLTC 1,567,993 2,402,258 Q 65.27%

20091012 SNDK 1,249,127 3,244,704 Q 38.50%

20091012 WYNN 1,221,864 2,766,065 Q 44.17%

20091012 MPEL 1,191,476 2,437,258 Q 48.89%

20091012 ENER 1,140,996 2,731,637 Q 41.77%

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.

Starbucks Corporation (NASDAQ: SBUX) engages in the purchase, roasting, and sale of whole bean coffees worldwide. It offers brewed coffees, Italian-style espresso beverages, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs, through its retail stores. The company also sells and licenses its trademark through other channels. In addition, Starbucks Corporation produces and sells ready-to-drink beverages, which include bottled beverages and espresso drinks, and a line of ice creams. Its brand portfolio includes superpremium Tazo teas, Starbucks Hear Music compact discs, Seattlea�s Best Coffee, and Torrefazione Italia coffee. As of September 30, 2007, the company operated 8,505 retail stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington.

Linear Technology Corporation (NASDAQ: LLTC), together with its subsidiaries, engages in the design, manufacture, and marketing of linear integrated circuits worldwide. Its products include amplifiers, comparators, voltage references and regulators, monolithic filters, linear regulators, DC-DC converters, battery chargers, data converters, communications interface circuits, RF signal conditioning circuits, power over Ethernet controllers, DC/DC Module power systems, and signal chain modules, as well as other products, such as buffers, battery monitors, motor controllers, hot swap circuits, and sample-and-hold devices and drivers that are used to limit and/or manipulate signals. The companya�s products are used in various applications, including telecommunications, cellular telephones, networking products, notebook and desktop computers, computer peripherals, video/multimedia, industrial instrumentation, security monitoring devices, complex medical devices, automotive electronics, factory automation, process control, military, space and other harsh environment systems, and high-end consumer products, such as digital cameras and global positioning systems. It markets its products primarily to original equipment manufacturer customers directly, as well as through electronic distributors. The company was founded in 1981 and is based in Milpitas, California.

SanDisk Corporation (NASDAQ: SNDK) designs, develops, manufactures, and markets NAND-based flash storage card products that are used in various consumer electronics products. Flash storage technology allows data to be stored in a compact format that retains the data after the power has been turned off. The company offers removable data storage solutions, universal serial bus flash drives, embedded flash memory drive solutions for data and code storage, flash-based digital media players, and MP3 players. Its products are used in various consumer electronics devices, such as digital cameras, mobile phones, gaming devices, laptop computers, other portable devices, and digital audio and video players, as well as in personal computing and network servers. The company also provides embedded flash storage products that are used in various systems for the enterprise, industrial, military, and other markets. It offers its products through retail and original equipment manufacturer distribution channels in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company was formerly known as SunDisk Corporation and changed its name to SanDisk Corporation in August 1995. SanDisk Corporation was founded in 1988 and is based in Milpitas, California.

Wynn Resorts, Limited (NASDAQ: WYNN), together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company owns and operates Wynn Las Vegas casino resort in Las Vegas, which includes 22 food and beverage outlets comprising 6 dining restaurants, 2 nightclubs, 1 spa and salon, 1 Ferrari and Maserati automobile dealership, wedding chapels, an 18-hole golf course, meeting space, and foot retail promenade featuring boutiques. As of December 31, 2008, Wynn Las Vegas casino resort featured 135 table games, 1 baccarat salon, private VIP gaming rooms, 1 poker room, 1,935 slot machines, and 1 race and sports book. It also owns and operates an Encore at Wynn Las Vegas resort; and Wynn Macau casino resort located in the Macau Special Administrative Region of the Peoplea�s Republic of China. Wynn Macau casino resort featured 370 table games, 1,250 slot machines, 5 restaurants, 1 spa and salon, lounges, meeting facilities, and retail space featuring boutiques. Encore at Wynn Las Vegas operated 95 table games, 1 baccarat salon, private VIP gaming rooms, 835 slot machines, and 1 sports book. The company was founded in 2002 and is based in Las Vegas, Nevada.

Melco Crown Entertainment Limited (NASDAQ: MPEL), through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities in Macau. The company owns and operates Crown Macau resort that features a casino area of approximately 183,000 square feet with approximately 255 gaming tables and 95 gaming machines, as well as hotel rooms, fine dining and casual restaurants, recreation and leisure facilities, and meeting facilities; Mocha Clubs, which provide single player machines with various games, including progressive jackpots; and multi-player games where players on linked machines play against each other in electronic roulette, baccarat, and sicbo. As of March 9, 2009, the company operated 8 Mocha Clubs in Macau with a total of approximately 1,345 gaming machines. In addition, it owns and operates Taipa Square Casino with approximately 18,300 sq. ft. of gaming space and features approximately 31 gaming tables servicing rolling chip and mass market patrons. Further, Melco Crown Entertainment is developing City of Dreams project, an integrated urban entertainment resort, combining casino with hotel offerings, entertainment venues, a performance theatre, retail, and food and beverage outlets. The company was formerly known as Melco PBL Entertainment (Macau) Limited and changed its name to Melco Crown Entertainment Limited in May 2008. Melco Crown Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong.

Energy Conversion Devices, Inc. (NASDAQ: ENER) engages in the design, manufacture, and sale of photovoltaic (PV) products. The company operates in two segments, United Solar Ovonic and Ovonic Materials. The United Solar Ovonic segment provides PV laminates that generate clean and renewable energy by converting sunlight into electricity. It also involves in the design, development, and installation of rooftop and BIPV systems and applications. Its products are used in rooftop and building integrated applications. This segment offers its products to commercial roofing materials manufacturers, builders and building contractors, and solar power installers/integrators. The Ovonic Materials segment invents, designs, develops, and licenses materials and products based on the companya�s materials science technology. This segment also commercializes the NiMH materials and consumer battery technology. The company operates in the United States, Germany, France, Italy, South Korea, Japan, Hong Kong, and China. Energy Conversion Devices, Inc. was founded in 1960 and is headquartered in Rochester Hills, Michigan.

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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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