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47.79% Of All NYSE Trading Wednesday Was Short Selling. DSP, WGO, LFT, MSO, PC, WAL Highest % Of Daily Trading Volume Short

^{Published on 2009-10-14 17:12:30, Last Modified on 2010-12-22 17:09:14 - WOPRAI}
 

October 15, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Wednesday, October 14th, 2009 and come to the following statistical conclusions. There were 6,541 stocks with daily short volume reported and total NYSE trading volume of 1,253,401,788 shares. Total Daily Short Volume was 598,956,596 shares. 47.79% of all trading on the NYSE Wednesday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. SP Acquisition Holdings (AMEX: DSP), Winnebago Industries (NYSE: WGO), Longtop Financial Technologies (NYSE: LFT), Martha Stewart Living Omnimedia (NYSE: MSO), Panasonic (NYSE: PC) and Western Alliance Bancorp (NYSE: WAL). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091014 DSP 185,280 186,880 P 99.14%

20091014 WGO 104,760 113,260 P 92.50%

20091014 LFT 106,942 119,542 P 89.46%

20091014 MSO 56,860 68,739 P 82.72%

20091014 PC 129,606 156,721 P 82.70%

20091014 WAL 71,596 88,441 P 80.95%

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.

SP Acquisition Holdings, Inc. (AMEX: DSP) does not have significant operations. The company intends to acquire one or more businesses or assets through a merger, capital stock exchange, asset acquisition, stock purchase, or other similar business combination. SP Acquisition Holdings, Inc. was founded in 2007 and is based in New York, New York.

Winnebago Industries, Inc. (NYSE: WGO) manufactures motor homes, which are self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. It manufactures conventional motor homes constructed directly on medium-duty and heavy-duty truck chassis, as well as mini motor homes built on van-type chassis with gas and diesel engines. The companya�s motor homes provide living accommodations for approximately seven persons and include kitchen, dining, sleeping, and bath areas, as well as a lounge; and optional equipment accessories, such as generators, home theater systems, king-size beds, leather upholstery, and interior equipment. Winnebago Industries also manufactures and sells original equipment manufacturing parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles. It markets its motor homes through independent dealers under the Winnebago, Itasca, and ERA brand names in the United States and Canada. The company was founded in 1958 and is headquartered in Forest City, Iowa.

Longtop Financial Technologies Limited (NYSE: LFT), together with its subsidiaries, designs, develops, and delivers software solutions and information technology (IT) services to the financial services industry in the Peoplea�s Republic of China. The company engages in the development, licensing, and support of software solutions; and provision of maintenance, support, and other services, as well as system integration services related to the procurement and sale of third party hardware and software. It offers channel-related solutions, which include automated teller machines (ATM), bank tellers, online banking, customer relationship management (CRM), and enterprise customer information facility solutions; and business-related solutions comprising international trade finance, payment and settlement, credit card operations, and intermediary business solutions. The company also provides management-related solutions that consist of enterprise resources management, credit and risk management, office automation, human resource management, and regulatory reporting and compliance solutions; and business intelligence solutions, including decision support system, enterprise data warehouse, operational data storage, data mining, analytical CRM, and reporting solutions. In addition, it offers other value added solutions to its banking and non-banking clients, such as payroll management for public sector employees. Further, the company provides ATM maintenance, system integration, and IT maintenance services, as well as value-added consulting services regarding configuration and system change management, security management, crisis management, and IT asset management; and various consulting and supplementary technology-related services. It offers its products and services directly to banks and other financial institutions. The company, formerly known as Latest New Technology Limited, was founded in 1996 and is based in North Point, Hong Kong.

Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) operates as an integrated media and merchandise company in the United States. It creates media and merchandise in the areas of cooking and entertaining, holidays, crafts, home, whole living, weddings, organizing, and gardening. The company operates in four segments: Publishing, Merchandising, Internet, and Broadcasting. The Publishing segment publishes magazines, books, and newsletters relating to home and womena�s lifestyle, cooking, weddings, and whole living. The Merchandising segment designs merchandise and related packaging, promotional and advertising materials, and the licensing of various trademarks owned by the company, in connection with retail programs conducted through third-party retailers and manufacturers. The Internet segment engages in the online ad sales primarily through its Web site, marthastewart.com; sale of flowers; and sales of digital photography products. The Broadcasting segment produces television and satellite radio programs, and distributes these programs in existing and repurposed formats. The company was founded in 1996 and is based in New York, New York.

Panasonic Corporation (NYSE: PC), through its subsidiaries, manufactures and sells electronic and electric products, systems, and components for consumer, business, and industrial uses worldwide. The company offers video and audio equipment, and information and communications equipment, such as AV, security, electronic, Internet-enabled equipment, flat-panel and plasma TVa�s, BD and DVD recorders, digital video cameras, personal computers, mobile phones, telephones, and facsimile machines; and automotive electronics, including car navigation systems, engine control units, and electronic toll collection terminals. It also provides home appliances comprising washing machines, vacuum cleaners, dishwasher/dryers, rice cookers, microwave ovens, induction-heating cooking equipment, refrigerators, room air conditioners, water heating systems, and compressors; and lighting, and environmental systems. In addition, the company manufactures, sells, installs, and provides services related to various products that include electrical construction materials, home appliances, building products, electronic materials, and automation controls; and focuses on detached housing, home remodeling, and asset and property management businesses. Further, it provides semiconductors, electronic components, batteries, and electric motors for use in digital AV equipment, information and communication devices, home appliances, and industrial equipment. Additionally, the company provides factory automation equipment and other industrial equipment; and products that enable multiple mounting and mounting of LEDs. It serves consumers, industrial and business corporations, governments and other institutions, electric and electronic equipment manufacturers, automotive manufacturers, and other machinery makers. The company was formerly known as Matsushita Electric Industrial Co., Ltd. and changed its name to Panasonic Corporation in October 2008. Panasonic was founded in 1918 and is headquartered in Osaka, Japan.

Western Alliance Bancorporation (NYSE: WAL), a multi bank holding company, provides various banking and related products and services in Nevada, Arizona, California, and Colorado. Its deposit products include checking, savings, money market, and other deposit accounts, including fixed-rate, fixed maturity retail certificates of deposit, individual retirement accounts, and non-retail certificates of deposit, as well as non-interest bearing deposits. The company also provides various loans, including commercial and residential real estate, construction and land development, commercial, and consumer loans. Its principal construction loans include loans for industrial/warehouse properties, office buildings, retail centers, medical facilities, restaurants, and single-family homes; commercial and industrial loans comprise working capital lines of credit, inventory and accounts receivable lines, equipment loans, and other commercial loans; and consumer loan portfolio consists of home equity loans and lines of credit, home improvement loans, credit card loans, new and used automobile loans, and personal lines of credit. The company also originates residential mortgage loans secured by one to four-family properties. In addition, it offers cash management, custody and investments, equipment leasing, and affinity credit card services, as well as investment advisory and wealth management services, including trust administration and estate planning. The company provides its services to businesses, professional firms, real estate developers and investors, local non-profit organizations, high net worth individuals, and other consumers. As of December 31, 2008, it operated 41 branch offices. Western Alliance Bancorporation is headquartered in Las Vegas, Nevada.

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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.

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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