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Short Sale Recap. Highest % Of Daily Trading Volume Short All Exchanges Combined For Tuesday

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  Published in Stocks and Investing on Tuesday, October 20th 2009 at 16:38 GMT, Last Modified on 2010-12-22 17:19:09 by WOPRAI
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October 21, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report for Tuesday, October 20th, 2009 and come to the following statistical conclusions. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Pomeroy IT Solutions (NASDAQ: PMRY), Quest Resource Corp (NASDAQ: QRCP), SkillSoft (NASDAQ: SKIL), Jos. A. Bank Clothiers (NASDAQ: JOSB), Olympic Steel (NASDAQ: ZEUS) and CH Robinson Worldwide (NASDAQ: CHRW). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Symbol Short Volume Volume Percent

PMRY 120,912 161,575 74.83%

QRCP 145,281 258,451 56.21%

SKIL 77,396 147,029 52.64%

JOSB 226,999 458,089 49.55%

ZEUS 106,528 231,144 46.09%

CHRW 955,459 2,079,229 45.95%

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.

Pomeroy IT Solutions, Inc. (NASDAQ: PMRY) provides information technology solutions (IT) in the United States. It offers a range of hardware, software, and technical staffing services, as well as infrastructure and lifecycle services. The companya�s services include IT outsourcing and out-tasking services, which comprise desktop and mobile computing, and server and network environments; and supply chain management services consisting of product acquisition, product distribution, asset management, advanced integration, end-of-life services, and software licensing and logistics services. Its services also comprise systems integration services, which include blade server technologies, storage technologies, network and IP technologies, information security, and operating system technologies that enable clients to plan, design, deploy, and manage technology infrastructures; and technical staffing sourcing, which supports clientsa� project requirements. Pomeroy IT Solutions serves enterprise clients, mid-size businesses, state and local government entities, educational institutions, and vendor alliance customers. The company was formerly known as Pomeroy Computer Resources, Inc. and changed its name to Pomeroy IT Solutions, Inc. in 2003. Pomeroy IT Solutions was founded in 1981 and is based in Hebron, Kentucky.

Quest Resource Corporation (NASDAQ: QRCP), an integrated independent energy company, engages in the acquisition, exploration, development, gathering, production, and transportation of oil and natural gas in the United States. It operates in two segments, Oil and Gas Production, and Natural Gas Pipelines. The Oil and Gas Production segment primarily focuses on the development of coal bed methane in the Cherokee basin. As of December 31, 2008, it had 152.7 billion cubic feet equivalent of estimated net proved reserves; and operated approximately 2,438 gross gas wells and approximately 27 gross oil wells in the Cherokee Basin. This segment also owned 55 gross productive oil wells and the development rights to approximately 1,481 net acres with an estimated net proved reserves of approximately 588,800 billion barrels in Seminole County, Oklahoma; and approximately 500 gross gas wells and the development rights to approximately 68,161 net acres in the Appalachian Basin. The Natural Gas Pipelines segment involves in transporting, gathering, treating, and processing natural gas. It owns and operates a natural gas gathering pipeline network of approximately 2,173 miles in the Cherokee Basin, as well as a 1,120 mile interstate natural gas pipeline, which transports natural gas from northern Oklahoma and western Kansas to the metropolitan Wichita and Kansas City markets. This segment also has a gas gathering pipeline network of approximately 183 miles in the Appalachian Basin. Quest Resource Corporation was founded in 1982 and is headquartered in Oklahoma City, Oklahoma.

SkillSoft Public Limited Company (NASDAQ: SKIL) provides on-demand e-learning and performance support solutions for enterprises, government, education, and small and medium-sized businesses worldwide. Its products include SkillChoice Multi-Modal Learning Solutions that provide resources to support formal training and informal performance support needs; SkillPort for managing e-learning programs; SkillSoft Dialogue, a platform for live and on-demand learning sessions; KnowledgeCenters, learning portals that allow learners instant access to content; Business Impact Series, which include the audio-driven dramatizations of workplace business problems and solutions; Challenge Series titles that provide interactive case studies; Business Skills Courseware Collection that consists of courseware titles and simulations encompassing professional effectiveness, management/leadership, project management, sales and customer-facing skills, business strategy/operations, finance, and human resources. The company also provides IT Skills Courseware Collection, comprising courseware titles encompassing software development, operating systems and server technologies, Internet and network technologies, enterprise database systems, and Web design; Desktop Skills Courseware Collection; Legal Compliance, Federal Government Compliance and Environmental Safety and Health (ES&H) Courseware Collection for legal, federal, and environmental issues; SkillSoft Academy, an online compliance learning management system; TestPrep that allows learners to test their knowledge; Live Learning, a derivative of traditional instructor-led technical training. It also offers online mentoring services, professional books to online subscribers, and live and on-demand video learning presentations. The company was founded in 1989 and is headquartered in Nashua, New Hampshire.

Jos. A. Bank Clothiers, Inc. (NASDAQ: JOSB), together with its subsidiaries, engages in designing, retailing, and direct marketing mena�s tailored and casual clothing, and accessories in the United States. Its products include tuxedos, suits, shirts, vests, ties, sport coats, pants, sportswear, overcoats, sweaters, belts and braces, socks, underwear, and shoes. The company sells its products under the Jos. A. Bank label through retail stores, catalog, and Internet, as well as through franchise stores. As of January 31, 2009, it operated 460 stores located in 42 states and the District of Columbia. The company was founded in 1905 and is based in Hampstead, Maryland.

Olympic Steel, Inc. (NASDAQ: ZEUS) engages in the processing and distribution of processed carbon, coated and stainless flat-rolled sheet, and coil and plate steel products in the United States. Its processing services include cutting-to-length, slitting, and shearing; and value-added processes of blanking, tempering, plate burning, precision machining, welding, and fabricating and painting to process steel to specified lengths, widths, and shapes. The company serves customers in carbon steel consuming industries, including manufacturers and fabricators of transportation and material handling equipment, construction and farm machinery, storage tanks, environmental and energy generation equipment, automobiles, food service and electrical equipment, and military vehicles and equipment, as well as general and plate fabricators, and steel service centers. Olympic Steel, Inc. was founded in 1954 and is headquartered in Bedford Heights, Ohio.

C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) operates as a third party logistics company. It provides freight transportation services and logistics solutions to companies in various industries. The company, through its relationships with approximately 50,000 transportation companies, including motor carriers, railroads, air freight, and ocean carriers, selects and hires the appropriate transportation to manage its customersa� freight needs. It also provides a range of value-added logistics services, such as supply chain analysis, freight consolidation, core carrier program management, and information reporting. In addition, the company operates fresh produce sourcing and fee-based information services businesses. Fresh produce sourcing business includes purchasing fresh produce for regional and national grocery retailers and restaurants, produce wholesalers, and foodservice distributors, as well as arranging the transport of the fresh produce through relationships with owners of specialized transportation equipment. The company offers the fresh produce under proprietary brands The Fresh 1, Fresha�n Easy, Our World Organics, Tropic Sweet, Tomorrowa�s Organics, and Kensington Farms, as well as under various licensed brands, such as Motta�s, Tropicana, Welcha�s, and Bambino. C.H. Robinsona�s information services business includes providing management and information services, such as fuel management services, funds transfer, permit procurement, fuel and use tax reporting, and driver funds transfer primarily to motor carriers. In addition, the company captures sales and fuel cost data, provides management information, transfers funds to the truck stop, and invoices the carrier for fuel and cash advances, serving various companies and truck stop chains. As of December 31, 2008, it operated a network of 228 branch offices in North America, Europe, Asia, South America, and the Middle East. The company was founded in 1905 and is headquartered in Eden Prairie, Minnesota.

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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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