Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, October 14, 2009
Tue, October 13, 2009 Digital River (DRIV) Daily Short Sale Trading Volume Through 10-12-09
October 13, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Monday, October 12th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Digital River (NASDAQ: DRIV) for August through October 12th, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
10/12/2009 3,544,275 23,068,220 15.36%
10/9/2009 65,103 274,800 23.69%
10/8/2009 108,483 475,100 22.83%
10/7/2009 74,893 272,500 27.48%
10/6/2009 80,087 238,100 33.64%
10/5/2009 79,427 375,600 21.15%
10/2/2009 188,465 489,200 38.53%
10/1/2009 250,190 772,200 32.40%
9/30/2009 186,419 724,500 25.73%
9/29/2009 99,997 290,000 34.48%
9/28/2009 111,821 352,300 31.74%
9/25/2009 207,393 572,300 36.24%
9/24/2009 283,680 1,084,800 26.15%
9/23/2009 253,920 800,500 31.72%
9/22/2009 128,016 383,900 33.35%
9/21/2009 126,351 393,600 32.10%
9/18/2009 178,966 518,200 34.54%
9/17/2009 110,323 342,400 32.22%
9/16/2009 300,586 1,253,800 23.97%
9/15/2009 127,261 299,300 42.52%
9/14/2009 50,301 218,500 23.02%
9/11/2009 90,267 302,900 29.80%
9/10/2009 233,183 631,700 36.91%
9/9/2009 83,904 276,100 30.39%
9/8/2009 66,194 261,900 25.27%
9/4/2009 57,194 244,100 23.43%
9/3/2009 189,372 399,900 47.35%
9/2/2009 131,122 495,000 26.49%
9/1/2009 230,589 766,900 30.07%
8/31/2009 108,512 406,811 26.67%
8/28/2009 108,161 323,500 33.43%
8/27/2009 108,938 343,700 31.70%
8/26/2009 137,393 444,100 30.94%
8/25/2009 109,077 403,000 27.07%
8/24/2009 113,142 355,800 31.80%
8/21/2009 145,811 401,000 36.36%
8/20/2009 111,019 343,900 32.28%
8/19/2009 124,745 402,600 30.98%
8/18/2009 158,160 471,100 33.57%
8/17/2009 144,636 477,200 30.31%
8/14/2009 193,478 589,700 32.81%
8/13/2009 219,201 770,900 28.43%
8/12/2009 146,242 411,800 35.51%
8/11/2009 191,666 504,000 38.03%
8/10/2009 177,613 405,500 43.80%
8/7/2009 155,467 457,700 33.97%
8/6/2009 141,176 472,400 29.88%
8/5/2009 176,604 456,800 38.66%
8/4/2009 141,377 449,800 31.43%
8/3/2009 278,985 651,600 42.82%
Total 10,829,185 46,121,231 23.48%
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.
Digital River, Inc. (NASDAQ: DRIV), together with its subsidiaries, provides outsourced e-commerce solutions in the United States, Europe, and the Asia Pacific. Its services assist in establishing an online sales channel capability and to manage online sales. The company offers design, development, and hosting of online stores and shopping carts; store merchandising and optimization; order management; fraud prevention screening; export controls and management; tax compliance and management; digital product delivery through download; physical product fulfillment; subscription management; denied parties screening; multilingual customer service; online marketing, including email marketing; management of paid search programs; payment processing services; Web site optimization; Web analytics and reporting; and CD production and delivery solutions. Digital River also provides paid search advertising, search engine optimization, affiliate marketing, store optimization, and email optimization services. It serves software, consumer electronics, and computer and video game product manufacturers, as well as online channel partners, including retailers and affiliates through the Internet. The company was founded in 1994 and is headquartered in Eden Prairie, Minnesota.
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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