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JPM, WYE, CNO, CBS, HOG, BK With Highest Daily Short Volume On NYSE Wednesday

^{Published on 2009-10-14 17:26:00, Last Modified on 2010-12-22 17:09:15 - 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 the highest daily short volume on Wednesday. JPMorgan Chase (NYSE: JPM), Wyeth (NYSE: WYE), Conseco (NYSE: CNO), CBS Corp (NYSE: CBS), Harley Davidson (NYSE: HOG) and Bank of New York Mellon (NYSE: BK). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091014 JPM 4,522,454 9,035,353 P 50.05%

20091014 WYE 2,387,251 9,271,324 P 25.75%

20091014 CNO 2,289,914 4,623,912 P 49.52%

20091014 CBS 1,755,468 3,843,759 P 45.67%

20091014 HOG 1,464,842 2,172,654 P 67.42%

20091014 BK 1,234,377 3,059,731 P 40.34%

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.

JPMorgan Chase & Co. (NYSE: JPM), a financial holding company, provides a range of financial services worldwide. It operates in six segments: Investment Bank, Commercial Banking, Treasury & Securities Services, Asset Management, Retail Financial Services, and Card Services. Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, and prime brokerage and research. It serves corporations, financial institutions, governments, and institutional investors. Retail Financial Services segment offers regional banking, mortgage banking, and auto finance services that include checking and savings accounts, mortgages, home equity and business loans, and investments through bank branches, ATMs, online banking, and telephone banking. Card Services segment issues credit cards and processes MasterCard and Visa payments. Commercial Banking segment provides lending, treasury services, investment banking, and asset management services to corporations, municipalities, financial institutions, and not-for-profit entities. Treasury and Securities Services segment offers transaction, investment, and information services. It also offers cash management, trade, wholesale card, and liquidity products and services to small and mid-sized companies, multinational corporations, financial institutions, and government entities. Asset Management segment provides investment and wealth management services to institutions, retail investors, and high-net-worth individuals. It also offers global investment management in equities, fixed income, real estate, hedge funds, private equity, and liquidity, including money market instruments and bank deposits; provides trust and estate, banking, and brokerage services; and retirement services. JPMorgan Chase & Co. was founded in 1823 and is headquartered in New York, New York.

Wyeth (NYSE: WYE) operates as a research-based pharmaceutical and healthcare company in the United States, the United Kingdom, and internationally. Its Pharmaceuticals segment develops, manufactures, distributes, and sells various products, including neuroscience therapies, vaccines, musculoskeletal therapies, nutritional products, gastroenterology drugs, anti-infectives, oncology therapies, hemophilia treatments, immunological products, and womena�s healthcare products. This segment offers its products to wholesalers, pharmacies, hospitals, governments, physicians, retailers, and other human healthcare institutions. The companya�s Consumer Healthcare segment develops, manufactures, distributes, and sells over-the-counter healthcare products comprising analgesics and heat wraps, cough/cold/allergy remedies, nutritional supplements, and hemorrhoidal care and personal care products. This segment sells these products to wholesalers and retailers. Its Animal Health segment develops, manufactures, distributes, and sells various biological and pharmaceutical products for animals, which include vaccines, pharmaceuticals, internal and external parasite control products, and growth implants. This segment markets its products to wholesalers, veterinarians, and other animal healthcare providers. Wyetha�s product pipeline also includes two Phase III clinical programs in oncology that consist of neratinib (HKI-272), which is under development for the treatment of women with advanced HER-2-positive breast cancer; and bosutinib (SKI-606), a targeted kinase inhibitor under development for the treatment of chronic myelogenous leukemia. It has collaboration agreements with Amgen, Inc; Takeda Pharmaceutical Company Limited; Nycomed; Johnson & Johnson; Medtronic Sofamor Danek, Inc.; Trubion; Elan Corporation, plc; and Biotie Therapies Oyj. The company was founded in 1926 and is headquartered in Madison, New Jersey.

Conseco, Inc. (NYSE: CNO), through its subsidiaries, engages in the development, marketing, and administration of supplemental health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. The company operates in three segments: Bankers Life, Colonial Penn, and Conseco Insurance Group. The Bankers Life segment markets and distributes Medicare supplement insurance, life insurance, long-term care insurance, Medicare part D prescription drug program, Medicare advantage products, and certain annuity products through career agents and sales managers. The Colonial Penn segment markets primarily graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, Internet, and telemarketing. The Conseco Insurance Group segment markets and distributes specified disease insurance, Medicare supplement insurance, and various life and annuity products through independent marketing organizations. This segment markets its products under the Conseco and Washington National brand names. The company also offers reinsurance products. It also sells products through professional independent producers and direct marketing. Conseco, Inc. has a strategic alliance with Coventry Health Care. The company was founded in 1979 and is headquartered in Carmel, Indiana.

CBS Corporation (NYSE: CBS) operates as a mass media company in the United States and internationally. The company operates in five segments: Television, Radio, Outdoor, Interactive, and Publishing. The Television segment operates through CBS Television comprising CBS Television Networks, the 30 owned broadcast television stations; CBS Paramount Network Television and CBS Television Distribution, the television production and syndication operations; Showtime Network, a premium subscription television program service; and CBS College Sports Network, the cable network and online digital media business to college athletics. The Radio segment operates through CBS radio, which owns and operates 137 radio stations in the United States. Its programs include rock, oldies, all-news, talk, adult contemporary, urban, and sports and country. The Outdoor segment displays advertising on media, including billboards, transit shelters, buses, rail systems, mall kiosks, stadium signage, and in retail stores. It provides its services to entertainment, media, automotive, beverage, financial, real estate, retail, healthcare, telecommunications, restaurants, health and beauty aids, hotels, and professional services. The Interactive segment operates an online content network for information and entertainment with a portfolio of brands, including CNET, CBS.com, CBSSports.com, GameSpot, TV.com, Last.fm, and BNET. The Publishing segment publishes and distributes adult and children's consumer books in printed, audio, and digital formats under the Simon & Schuster, Pocket Books, Scribner, Atria Books, Simon Spotlight Entertainment, Free Press, Simon Spotlight, Aladdin Paperbacks, and Books for Young Readers imprints. The company was founded in 1986 and is headquartered in New York, New York.

Harley-Davidson, Inc. (NYSE: HOG), through its subsidiaries, produces heavyweight motorcycles, as well as offers motorcycle parts, accessories, and related services. It operates in two segments, Motorcycles and Related Products, and Financial Services. The Motorcycles and Related Products segment engages in the design, manufacture, and sale of primarily heavyweight touring, custom, and performance motorcycles primarily in North America, Europe, the Asia/Pacific, and Latin America. It also provides a line of motorcycle parts and accessories, including replacement parts, and mechanical and cosmetic accessories; general merchandise, such as apparel and collectibles; and related services. This segment manufactures five families of motorcycles, including Touring, Dyna, Softail, Sportster, and VRSC. It offers its products under the Harley-Davidson, Buell, MV Agusta, and Cagiva brand names. The Financial Services segment provides wholesale and retail financing, and insurance and insurance-related programs in the United States and Canada. It engages in financing and servicing wholesale inventory receivables and retail consumer loans primarily for the purchase of motorcycles. This segmenta�s wholesale financial services include floorplan and open account financing of motorcycles, and motorcycle parts and accessories to Harley-Davidson dealers. Its retail financial services include installment lending for its new and used motorcycles. The Financial Services segment also provides motorcycle insurance and property/casualty insurance, as well as sells extended service contracts, gap coverage, and debt protection products to motorcycle owners. Harley-Davidson sells its products through independent dealers and distributors. The company was founded in 1903 and is based in Milwaukee, Wisconsin.

The Bank of New York Mellon Corporation (NYSE: BK), a financial services company, provides various products and services for institutions and individuals worldwide. Its Asset Management segment offers a range of equity, fixed income, cash, and alternative/overlay products, as well as distributes investment management products. Its Wealth Management segment provides investment management, wealth and estate planning, private banking, and finance solutions to high-net-worth individuals, families, family offices and business enterprises, charitable gift programs, and endowments and foundations. The companya�s Asset Servicing segment offers global custody and fund services, securities lending, global liquidity services, outsourcing, government securities clearance, collateral management, and credit-related services to corporate and public retirement funds, and global financial institutions, including banks, broker-dealers, investment managers, insurance companies, and mutual funds. The Bank of New York Mellon Corporationa�s Issuer Services segment serves as a trust or agent, as well as provides related products and services to fixed income and equity issuers, including corporations and shareholders, corporate trust, depositary receipts, employee investment plan services, and shareowner services. Its Clearing Services segment offers financial institutions and independent registered investment advisors with operational support, trading services, flexible technology, and practice management programs. The companya�s Treasury Services segment includes cash management solutions, trade finance services, international payment services, global markets, capital markets, and liquidity services. Additionally, it involves in leasing, corporate treasury, business exits, and corporate overhead businesses. The company was founded in 1784 and is headquartered in New York, New York.

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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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