Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, October 16, 2009
Thu, October 15, 2009
TransDigm Group (TDG) Daily Short Sale Trading Volume Through 10-14-09
October 15, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Wednesday, October 14th, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in TransDigm Group (NYSE: TDG) for August through October 14th, 2009. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Short Volume Total Volume Percent
10/14/2009 114,036 1,209,900 9.43%
10/13/2009 159,593 1,788,900 8.92%
10/12/2009 55,686 582,400 9.56%
10/9/2009 34,094 426,300 8.00%
10/8/2009 73,968 844,000 8.76%
10/7/2009 96,994 889,000 10.91%
10/6/2009 148,435 1,270,700 11.68%
10/5/2009 37,891 575,000 6.59%
10/2/2009 57,379 649,300 8.84%
10/1/2009 96,124 712,800 13.49%
9/30/2009 114,195 1,392,900 8.20%
9/29/2009 19,679 219,000 8.99%
9/28/2009 14,854 204,100 7.28%
9/25/2009 42,339 473,400 8.94%
9/24/2009 82,088 549,700 14.93%
9/23/2009 41,993 254,700 16.49%
9/22/2009 36,140 314,100 11.51%
9/21/2009 25,052 254,800 9.83%
9/18/2009 70,401 626,500 11.24%
9/17/2009 142,380 1,121,100 12.70%
9/16/2009 30,604 260,800 11.73%
9/15/2009 17,305 141,500 12.23%
9/14/2009 30,213 242,800 12.44%
9/11/2009 43,139 362,000 11.92%
9/10/2009 38,812 366,200 10.60%
9/9/2009 48,416 618,500 7.83%
9/8/2009 30,739 296,900 10.35%
9/4/2009 27,796 283,200 9.81%
9/3/2009 46,404 446,900 10.38%
9/2/2009 90,112 366,600 24.58%
9/1/2009 103,310 385,600 26.79%
8/31/2009 77,573 309,700 25.05%
8/28/2009 76,986 264,000 29.16%
8/27/2009 103,991 409,100 25.42%
8/26/2009 53,384 233,600 22.85%
8/25/2009 44,961 430,900 10.43%
8/24/2009 56,859 382,600 14.86%
8/21/2009 43,703 643,900 6.79%
8/20/2009 93,801 605,900 15.48%
8/19/2009 29,000 206,200 14.06%
8/18/2009 41,758 250,500 16.67%
8/17/2009 51,253 347,700 14.74%
8/14/2009 36,133 329,000 10.98%
8/13/2009 69,124 700,100 9.87%
8/12/2009 61,851 624,700 9.90%
8/11/2009 44,981 308,000 14.60%
8/10/2009 50,900 448,000 11.36%
8/7/2009 62,305 804,700 7.74%
8/6/2009 47,896 488,100 9.81%
8/5/2009 61,620 439,100 14.03%
8/4/2009 338,980 2,322,900 14.59%
8/3/2009 114,560 871,900 13.14%
Total 3,531,790 29,550,200 11.95%
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.
TransDigm Group Incorporated (NYSE: TDG) engages in the design, production, and supply of engineered aircraft components for use on commercial and military aircraft worldwide. The company offers mechanical/electro-mechanical actuators and controls used in various actuation applications; ignition systems and components, such as igniters, exciters, and spark plugs used to start and spark turbine and reciprocating aircraft engines; gear pumps used primarily in lubrication and fuel applications; specialized valves and engineered connectors used in fuel, hydraulic, and pneumatic applications; power conditioning devices used to modify and control electrical power; specialized fluorescent lighting; specialized AC/DC electric motors and components used in various defense and commercial applications; and aircraft audio systems. It also provides engineered latching and locking devices used in various bin, security, and other applications; lavatory hardware and components; rods and locking devices used primarily to hold open cowlings to allow access to engines for maintenance; specialized cockpit displays; elastomers used in various clamping and heating applications; and NiCad batteries/chargers used to provide starting and back-up power. The companya�s customers include distributors of aerospace components; commercial airlines; large commercial transport and regional and business aircraft original equipment manufacturers (OEMs); various armed forces; defense OEMs; system suppliers; and various other industrial customers. The company, formerly known as TD Holding Corporation, was founded in 1993 and is based in Cleveland, Ohio.
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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