Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, October 16, 2009
Thu, October 15, 2009
Wed, October 14, 2009 ISIL, AKAM, ADTN, SWKS, AMGN, LRCX With Highest Daily Short Volume On NASDAQ Wednesday
October 15, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Wednesday, October 14th, 2009 and come to the following statistical conclusions. There were 6,838 stocks with daily short volume reported and total NASDAQ trading volume of 1,884,440,575 shares. Total Daily Short Volume was 947,410,475 shares. 50.27% of all trading on the NASDAQ Wednesday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Intersil Corp (NASDAQ: ISIL), Akamai Technologies (NASDAQ: AKAM), ADTRAN (NASDAQ: ADTN), Skyworks Solutions (NASDAQ: SWKS), Amgen (NASDAQ: AMGN) and Lam Research (NASDAQ: LRCX). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT
20091014 OESX 248,763 259,310 Q 95.93%
20091014 BNVI 155,426 181,700 Q 85.54%
20091014 DVAX 94,672 111,547 Q 84.87%
20091014 TBNK 68,700 85,109 Q 80.72%
20091014 AMCN 122,525 152,755 Q 80.21%
20091014 BJRI 209,728 261,502 Q 80.20%
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.
Intersil Corporation (NASDAQ: ISIL) engages in the design, manufacture, and marketing of analog integrated circuits (ICs). It offers a portfolio of application specific standard products and general purpose proprietary products for consumer, industrial, computing, and communications markets. The companya�s high-end consumer products include gaming, light sensors, optical storage, displays, and handheld products, which are used in electronic game systems, DVD players and recorders, MP3 players, GPS systems, liquid crystal display televisions, data converters, and smart cell phones. Its industrial products comprise operational amplifiers, bridge driver power management products, switches and multiplexers, and other standard analog and power management products that are used in medical imaging, energy management, automotive, solar generating devices, military, and factory automation markets. The companya�s communication products consist of line drivers, broadband and hot plug power management products, and high speed converters for applications digital subscriber line, home gateway, satellite, networking, cellular base station, and networking/switching equipment markets. Its computing products comprise desktop, server, and notebook power management products, including core power devices and other power management products for peripheral devices. Intersil Corporationa�s customers include original equipment manufacturers, original design manufacturers, and contract manufacturers. The company markets its products through distributors and value added resellers primarily located in China, the United States, South Korea, and Japan. Intersil Corporation was founded in 1999 and is headquartered in Milpitas, California.
Akamai Technologies, Inc. (NASDAQ: AKAM) provides services for accelerating and improving the delivery of content and applications over the Internet. The companya�s Application Performance solutions improve the performance of dynamic applications used by enterprises to connect with their employees, suppliers, and customers. Its Application Performance solutions include Web Application Accelerator, which is used by enterprise customers to run various applications; and IP Application Accelerator that is designed to address core Internet weaknesses to optimize the performance and real-time sensitivity associated with IP-enabled applications delivered over Internet-related protocols. The companya�s Digital Asset Solutions are designed to enable enterprises to execute their large file management and distribution strategies. Its solutions include Akamai Media Delivery solution that delivers media content on behalf of its customers; Electronic Software Delivery solution, which handles the distribution of software for its customers; and Akamai Stream OS, a Web-based suite of configurable tools that enables publishing of media to the Web. The companya�s Dynamic Site solutions accelerate business-to-consumer Web sites that integrate collaborative content and applications into their online architecture. Its also offers other solutions, which comprise EdgeControl tools that provide reporting and management capabilities; network data feeds and Website analytics, which provide customers with real time data about the performance of their content and applications over the Internet; and performance management services that help customers better understand their Web operations with tools that measure various aspects of an applicationa�s performance. In addition, Akamai offers custom solutions to commercial and government customers. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.
ADTRAN, Inc. (NASDAQ: ADTN) designs, manufactures, markets, and services network access solutions that enable voice, data, video, and Internet communications across copper, fiber, and wireless networks in the United States and Internationally. The companya�s Carrier Networks division provides copper and fiber-based solutions used by service providers to deliver voice, data, and video services from their equipment to customera�s premises. Its products are used in voice services, VoIP, IP television, high speed Internet access, and data services based upon frame relay, TDM, ATM, and ethernet networks, connecting the network with user components, such as switches, routers, IADs, PBX, and key telephone systems. This division serves incumbent local exchange carriers, independent operating companies, competitive local exchange carriers, international carriers, and wireless service providers. The Enterprise Networks division specializes in Internetworking solutions to implement voice, data, Internet, and video connectivity over wide and local area networks. These solutions are installed in equipment rooms and wiring closets, and help to connect headquarters, branch offices, and telecommuters to corporate information resources. It also offers multi-service access routers; managed layer 2 and layer 3 fast ethernet, gigabit, and power over ethernet switches; Internet security appliances; and VoIP phone systems and IP phones under the NetVanta brand name. This division serves retail, food service, healthcare, finance, government, education, manufacturing, military, transportation, hospitality, energy, and utility markets. In addition, the company provides digital data service and integrated services digital network, digital network products, high bit-rate digital subscriber line products, time division multiplexed-symmetrical HDSL products, channel service units/data service units, and fixed wireless products. ADTRAN, Inc. was founded in 1985 and is headquartered in Huntsville, Alabama.
Skyworks Solutions, Inc. (NASDAQ: SWKS) engages in the design, manufacture, and marketing of analog and mixed signal semiconductors enabling wireless connectivity. It offers mobile platform solutions, including power amplifiers, front-end modules, and integrated radio frequency solutions for cellular handsets. The company also offers a portfolio of linear products comprising amplifiers, attenuators, diodes, directional couplers/detectors, infrastructure RF subsystems, mixers/demodulators, switches, RF receivers, synthesizers/PLLs, and technical ceramics that support automotive, broadband, cellular infrastructure, industrial, and medical applications. It sells its products in the Americas, China, Taiwan, rest of Asia-Pacific, Europe, the Middle East, and Africa. The company was founded in 1962 and is headquartered in Woburn, Massachusetts.
Amgen Inc. (NASDAQ: AMGN), a biotechnology company, engages in the discovery, development, manufacture, and marketing of human therapeutics based on advances in cellular and molecular biology. The company markets human therapeutic products primarily in the areas of supportive cancer care, nephrology, and inflammation. Its principal products include Aranesp and EPOGEN that stimulate the production of red blood cells to treat anemia; Neulasta and NEUPOGEN, which selectively stimulate the production of neutrophils, a type of white blood cell that helps the body fight infections; and ENBREL that blocks the biologic activity of tumor necrosis factor by inhibiting TNF, a substance induced in response to inflammatory and immunological responses, such as rheumatoid arthritis and psoriasis. The company has a joint venture with Kirin Holdings Company, Limited to manufacture and market darbepoetin alfa; a co-promotion agreement with Wyeth for marketing and selling of ENBREL; and Johnson & Johnson to commercialize recombinant human erythropoietin as a human therapeutic. It markets its products to healthcare providers, including physicians or their clinics, dialysis centers, hospitals, and pharmacies primarily in the United States, Europe, and Canada. The company was founded in 1980 and is based in Thousand Oaks, California.
Lam Research Corporation (NASDAQ: LRCX) engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. It offers etch products, including dielectric; conductor; micro-electromechanical systems and deep silicon; and three-dimensional integrated circuits, which are used in etching process. The company also provides single-wafer wet clean and plasma-based bevel clean systems, which are used in post-etch/post-strip cleaning and pre-diffusion/pre-deposition cleaning process. Lam Research Corporation sells its products and services primarily to companies involved in the production of semiconductors in the United States, Europe, Taiwan, Korea, Japan, and the Asia Pacific. The company was founded in 1980 and is headquartered in Fremont, 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.
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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