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48.1% Of All NYSE Trading Tuesday Was Short Selling. NAQ, JLL, RHT, ITG, LH, MAS Highest % Of Daily Trading Volume Short

^{Published on 2009-10-20 16:04:32, Last Modified on 2010-12-22 17:19:14 - WOPRAI}
 

October 21, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Tuesday, October 20th, 2009 and come to the following statistical conclusions. There were 6,525 stocks with daily short volume reported and total NYSE trading volume of 1,151,829,855 shares. Total Daily Short Volume was 553,979,196 shares. 48.1% of all trading on the NYSE Tuesday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. NRDC Acquisition Corp (AMEX: NAQ), Jones Lang Lasalle (NYSE: JLL), Red Hat (NYSE: RHT), Investment Technology Group (NYSE: ITG), Laboratory Corp of America (NYSE: LH) and Masco (NYSE: MAS). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091020 NAQ 131,110 148,360 P 88.37%

20091020 JLL 41,690 53,383 P 78.10%

20091020 RHT 218,561 279,965 P 78.07%

20091020 ITG 290,493 380,344 P 76.38%

20091020 LH 120,187 157,702 P 76.21%

20091020 MAS 362,504 479,700 P 75.57%

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.

NRDC Acquisition Corp. (AMEX: NAQ) does not have significant operations. It intends to acquire one or more operating businesses through a merger, capital stock exchange, stock purchase, asset acquisition, or other similar business combination. The company was founded in 2007 and is based in Purchase, New York.

Jones Lang LaSalle Incorporated (NYSE: JLL), through its subsidiaries, provides integrated real estate and investment management services to owner, occupier, and investor clients worldwide. Its real estate services include agency leasing, property management, project and development management, construction management, valuations, capital markets, real estate investment banking and merchant banking, brokerage of properties, corporate finance, hotel advisory, tenant representation, facilities management/outsourcing, strategic consulting, value recovery services, and investment management services. The company offers a range of real estate investment products and services in the public and private capital markets. It also provides various investment alternatives that include private investments in office, retail, industrial, health care, and multi-family residential properties through investment funds or single client account relationships, as well as public indirect investments in real estate investment trusts and other real estate equities. The company has a joint venture agreement with Real Estate Disposition, LLC to provide an online auction sales platform. Jones Lang LaSalle Incorporated was founded in 1997 and is headquartered in Chicago, Illinois.

Red Hat, Inc. (NYSE: RHT), together with its subsidiaries, provides open source software solutions to enterprises worldwide. The company offers Red Hat Enterprise Linux, an operating system designed for enterprise computing; and JBoss Enterprise Middleware, which delivers a range of middleware products for developing, integrating, deploying, and managing distributed composite and Web-based applications that are accessible via the Internet, corporate intranets, extranets, and virtual private networks. It also offers other Red Hat enterprise technologies, such as Red Hata�s Enterprise Virtualization products, which allows to use one common infrastructure to run multiple operating systems and applications; Red Hat Messaging Realtime and Grid, an open and scalable messaging technology; Red Hat Cluster Suite, which features clustering and uses application fail-over technology; Red Hat Global File System, a clustered file system designed for commercial and technical computing applications; Red Hat Certificate System, an authentication system for limiting access to mission critical resources and data; and Red Hat Directory Server, which centralizes application settings, user profiles, group data, policies, and access control information into a network-based registry. In addition, the company offers systems management solutions, including RHN, RHN Satellite, JBoss CSP, and JBoss ON. Further, it provides infrastructure enterprise technologies, including software development tools, clustering of systems and services, and directory services. Additionally, the company offers consulting services for IT deployments for upgrade planning, migrations, integrations, and application development. It has strategic alliances with Advanced Micro Devices, Inc.; Intel Corporation; and Actuate Corp. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

Investment Technology Group, Inc. (NYSE: ITG) operates as an agency brokerage and financial technology company, which provides solutions spanning the investment process. The company offers ITG Opt, a strategic portfolio construction and optimization tool; ITG Compliance, a daily and real-time pre-trade portfolio compliance monitoring system; ITG Fair Value, an independent fair value securities pricing model for mutual funds; ITG Logic, a risk management and trading cost reduction tool; and ITG Data Analytics, which provide portfolio managers and traders with analytics that can be incorporated into their decision-making tools. It also provides Triton, a global execution management system (EMS); Radical, a single-stock and options EMS; ITG Matrix, a low latency multi-asset EMS; ITG Channel that provides access to ITG liquidity from order management system (OMS) blotters; Macgregor XIP, the multi-asset OMS; ITG Net, a broker-and platform-neutral financial communications network; agency trading services for portfolio and hedge fund trading; and commission management services. In addition, Investment Technology Group offers ITG Algorithms, which automate liquidity access across various liquidity pools; and POSIT suite of crossing destinations, which give buyers and sellers opportunities to match equity orders. Further, the company provides ITG TCA consulting, analytics, and tools for cost assessment and peer comparison; trading process analysis services, pre- and post-transition analysis services, and transition consulting; and automated post-trade matching and settlement notification services. It has operations in the United States, Canada, Europe, and internationally. The company was founded in 1983 and is headquartered in New York, New York with additional offices in North America, Europe, and the Asia Pacific region. Investment Technology Group, Inc. (NYSE:ITG) operates independently of Jefferies Group Inc. as of April 27, 1999.

Laboratory Corporation of America Holdings (NYSE: LH), together with its subsidiaries, operates as an independent clinical laboratory company in the United States. The company offers a range of testing services used by the medical profession in routine testing, patient diagnosis, and in the monitoring and treatment of disease, as well as specialty testing services. Its routine tests include blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, Pap tests, HIV tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests. The companya�s specialty tests and related services comprise viral load testing, and HIV genotyping and phenotyping for infectious diseases; cytogenetic, molecular cytogenetic, biochemical, and molecular genetic tests for diagnostic genetics; oncology testing; clinical trials testing for pharmaceutical companies, which conducts clinical research trials on new drugs; forensic identity testing used in criminal proceedings and parentage evaluation services; allergy testing consisting of a range of allergen testing services, computerized analysis, and treatment program that enables primary care physicians to diagnose and treat various allergic disorders; and occupational testing services, which include urine and blood testing services for the detection of drug and alcohol abuse for private and government customers. Its customers comprise physicians, hospitals, managed care organizations, governmental agencies, employers, pharmaceutical companies, and other independent clinical laboratories. As of December 31, 2008, the company operated 36 primary laboratories and approximately 1,600 patient service centers. Laboratory Corporation of America Holdings was founded in 1971 and is headquartered in Burlington, North Carolina.

Masco Corporation (NYSE: MAS) manufactures, distributes, and installs home improvement and building products in North America and Europe. It operates in five segments: Cabinets and Related Products, Plumbing Products, Installation and Other Services, Decorative Architectural Products, and Other Specialty Products. The Cabinets and Related Products segment engages in the sale of semi-custom, assembled, and ready-to-assemble cabinetry for kitchen, bath, storage, home office, and home entertainment applications. The Plumbing Products segment offers faucet and showering devices, including single- and double-handle faucets, showerheads, handheld showers, and valves; acrylic and gelcoated bath and shower enclosure units, shower trays, and laundry tubs; and brass and copper plumbing system components, and other plumbing specialties. The Installation and Other Services segment sells installed building products, such as gutters, fireplaces, garage doors, and framing components; and distributes building products, including insulation, insulation accessories, gutters, roofing, and fireplaces. The Decorative Architectural Products segment manufactures architectural coatings, such as paints, specialty paint products, stains, varnishes, and waterproofing products, as well as cabinet, door, window, and other hardware products. The Other Specialty Products segment offers vinyl, fiberglass, and aluminum windows and patio doors; and manual and electric staple gun tackers, staples, and other fastening tools. The company was founded in 1929 and is headquartered in Taylor, Michigan.

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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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