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48.4% Of All NYSE Trading Friday Was Short Selling. AGT, BID, MCO, CYN, BC, HNT Highest % Of Daily Trading Volume Short

^{Published on 2009-10-16 16:12:00, Last Modified on 2010-12-22 17:09:48 - WOPRAI}
 

October 19, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Friday, October 16th, 2009 and come to the following statistical conclusions. There were 6,441 stocks with daily short volume reported and total NYSE trading volume of 1,075,693,839 shares. Total Daily Short Volume was 520,775,255 shares. 48.4% of all trading on the NYSE Friday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Apollo Gold (AMEX: AGT), Sothebys (NYSE: BID), Moodys (NYSE: MCO), City National Corp (NYSE: CYN), Brunswick (NYSE: BC) and Health Net (NYSE: HNT). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091016 AGT 60,260 71,160 P 84.68%

20091016 BID 75,550 91,713 P 82.38%

20091016 MCO 696,545 857,643 P 81.22%

20091016 CYN 84,527 106,098 P 79.67%

20091016 BC 111,290 140,694 P 79.10%

20091016 HNT 221,317 280,452 P 78.91%

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.

Apollo Gold Corporation (AMEX: AGT), together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and production of gold and by-product metals. The company produces gold, zinc, silver, and lead in gold dore and lead-gold, and zinc-gold concentrates. It primarily holds interests in the Black Fox project located near Matheson in the Province of Ontario, Canada; and the Huizopa exploration project located in the Sierra Madres in Chihuahua, Mexico. Apollo Gold Corporation sells its products to custom smelters, refiners, and metals traders. The company was founded in 1936 and is based in Greenwood Village, Colorado.

Sothebys (NYSE: BID), together with its subsidiaries, operates as an auctioneer of fine art, antiques and decorative art, and jewelry and collectibles primarily in the United States, the United Kingdom, the Peoplea�s Republic of China, and France. The company operates in three segments: Auction, Finance, and Dealer. The Auction segment engages in conducting auctions various properties, including fine art, antiques and decorative art, jewelry, and collectibles. It also involves in brokering private purchases and sales of fine art, jewelry, and collectibles. The Finance segment provides collectors and dealers with financing, which is secured by works of art that the company either has in its possession or permits the borrower to possess. It also offers unsecured loans to collectors and dealers. The Dealer segment invests in and resells art and other collectibles; and invests in art through unsecured loans made by the company to unaffiliated art dealers. It also operates as an art dealer for Dutch and Flemish Old Master paintings, as well as French impressionist and post-impressionist paintings. In addition, this segment sells works of art directly to private collectors and museums, as well as acts as a broker in private purchases and sales of art. The company was founded in 1744 and is headquartered in New York, New York.

Moodys Corporation (NYSE: MCO), through its subsidiaries, provides credit ratings and related research, data, and analytical tools; quantitative credit risk measures, risk scoring software, and credit portfolio management solutions; and securities pricing software and valuation models principally in the United States and Europe. The company operates through two segments, MIS and MA. The MIS segment publishes credit ratings on a range of debt obligations, including various corporate and governmental obligations, structured finance securities, and commercial paper programs, as well as the entities that issue such obligations in markets worldwide. This segment provides ratings in approximately 110 countries. Its ratings are disseminated via press releases to the public through a range of print and electronic media, including the Internet and real-time information systems, which is used by securities traders and investors. As of December 31, 2008, MIS had ratings relationships with approximately 13,000 corporate issuers and approximately 26,000 public finance issuers. Additionally, the company rated and monitored ratings on approximately 109,000 structured finance obligations. The MA segment develops a range of products and services that support the credit risk management activities of institutional participants in financial markets. These offerings include quantitative credit risk scores, credit processing software, economic research, analytical models, financial data, securities pricing software, and valuation models, and specialized consulting services. It also distributes investor-oriented research and data, including in-depth research on debt issuers, industry studies, and commentary on topical events developed by MIS as part of its rating process. The company was founded in 1900 and is headquartered in New York, New York.

City National Corporation (NYSE: CYN) operates as the bank holding company for City National Bank that provides a range of banking, investing, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. It offers deposits, such as interest checking deposits, savings deposits, and certain money market accounts; and commercial loans and lease financing, residential mortgages, commercial real estate mortgages, real estate construction loans, equity lines of credit, and installment loans. The company also provides cash management, international banking, equipment financing, and other products and services. In addition, it offers investment management and advisory services, and brokerage services, including portfolio management, securities trading, and asset management; personal and business trust and investment services, including employee benefit trust services and defined benefit plans; and estate and financial planning and custodial services. The company provides proprietary and nonproprietary products to offer a range of asset classes and investment styles, including fixed-income instruments, mutual funds, domestic and international equities, and alternative investments, such as hedge funds. As of June 9, 2009, it operated 63 offices, including 15 full-service regional centers in Southern California, the San Francisco Bay area, Nevada, and New York City. City National Corporation was founded in 1953 and is headquartered in Los Angeles, California.

Brunswick Corporation (NYSE: BC) provides recreation products worldwide. The companya�s Boat segment manufactures luxury sportfishing convertibles and motoryachts under Cabo and Hatteras brands; yachts, sport yachts, sport cruisers, and runabouts under Sea Ray brand; sport cruisers and runabouts under Bayliner and Maxum brands; motoryachts under Meridian brand; yachts and sport cruisers under Sealine brand; fiberglass fishing boats under Boston Whaler, Lund, Triton, and Trophy brands; aluminum fishing, utility, pontoon, and deck boats under Crestliner, Harris, Lowe, Lund, Princecraft, and Triton brands; and deck and runabout boats under the Kayot brand. Its Marine Engine segment offers sterndrive propulsion systems, inboard and outboard engines, and water jet propulsion systems under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury SportJet, and Mercury Jet Drive brand names, as well as engine parts and marine accessories under the Quicksilver, Mercury Precision Parts, Mercury Propellers, and MotorGuide brand names. Brunswicka�s Fitness segment provides cardiovascular fitness equipment, such as treadmills, total body cross-trainers, stair climbers, and stationary exercise bicycles; and strength-training equipment under the Life Fitness and Hammer Strength brands. Its Bowling and Billiards segment produces bowling products, such as bowling balls and capital equipment; bowling pins and bowling consumer products; and consumer and commercial billiards tables, table games, foosball tables, and related accessories. As of December 31, 2008, it had 104 bowling centers. Brunswick serves primarily the state/local/foreign governments; independent boat builders; private health clubs; fitness facilities operated by professional sports teams; the military; governmental agencies; corporations; hotels; schools; and universities. The company was founded in 1845 and is headquartered in Lake Forest, Illinois.

Health Net, Inc. (NYSE: HNT) operates as a managed health care company in the United States. Its health plans and government contracts subsidiaries provide health benefits to approximately 6.6 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE, and Veterans Affairs programs. The companya�s behavioral health subsidiary, MHN, provides mental health benefits to approximately 6.7 million individuals in all 50 states. Health Neta�s subsidiaries also offer managed health care products related to prescription drugs, as well as provide managed health care product co-ordination for multi-region employers, and administrative services for medical groups and self-funded benefits programs. The company was founded in 1979 and is headquartered in Woodland Hills, 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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