



Short Sale Recap. Highest Daily Short Volume All Exchanges Combined For Wednesday


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October 22, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report for Wednesday, October 21st, 2009 and come to the following statistical conclusions. The chart below highlights 6 stocks that had unusually high daily short volume. Yahoo (NASDAQ: YHOO), Apple Computer (NASDAQ: AAPL), Delta Airlines (NYSE: DAL), Hudson City Bancorp (NASDAQ: HCBK), Starbucks (NASDAQ: SBUX) and Nabors Industries (NYSE: NBR). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Symbol Short Volume Total Volume Percent
YHOO 10,194,827 45,662,942 22.33%
AAPL 9,988,255 42,539,238 23.48%
DAL 3,778,862 29,800,920 12.68%
HCBK 3,293,162 13,327,714 24.71%
SBUX 3,155,470 10,412,604 30.30%
NBR 3,006,050 11,820,987 25.43%
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'a" 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.
Yahoo! Inc. (NASDAQ: YHOO) provides Internet services to users, advertisers, publishers, and developers worldwide. The company owns and operates online properties and services, and provides its advertising offerings and access to Internet users through its distribution network of third-party entities, as well as offers marketing services to advertisers and publishers. Its Front Doors offerings include Yahoo! Front Page, My Yahoo!, and Yahoo! Toolbar; Communities offerings consist of Yahoo! Groups, Yahoo! Answers, and Flickr to organize into groups and share knowledge and photos; and Search products comprise Yahoo! Search, Yahoo! Local, Yahoo! Yellow Pages, and Yahoo! Maps to navigate through the Internet and search for information. It also offers Communications offerings comprising Yahoo! Mail, Zimbra Mail, and Yahoo! Messenger that provide communication services to users and small businesses through its broadband Internet access partners. In addition, the companya"s Audience offerings include Yahoo! News, Yahoo! Finance, and Yahoo! Sports, as well as Yahoo! Autos, Yahoo! Food, Yahoo! Games, Yahoo! Health, Yahoo! Kids, Yahoo! Movies, Yahoo! Music, Yahoo! Personals, Yahoo! Real Estate, Shine, Yahoo! Shopping, Yahoo! Tech, Yahoo! Travel, Yahoo! TV, and omg!. Further, its Connected Life business includes Yahoo! Mobile and Yahoo! Connected TV that offer services designed to provide users with access to the open Internet and their Yahoo! content and communities across various Internet-enabled devices, including mobile devices and television. The company also offers Yahoo! HotJobs, which provides comprehensive solutions for employers, staffing firms, and job seekers; and Yahoo! Small Business that offers a comprehensive and integrated suite of fee-based online services, including Yahoo! Domains, Yahoo! Web Hosting, and Yahoo! Business Mail, as well as e-commerce platform called Yahoo! Merchant Solutions. The company was founded in 1994 and is headquartered in Sunnyvale, California.
Apple Inc. (NASDAQ: AAPL) and its wholly owned subsidiaries design, manufacture, and market personal computers, portable digital music players, and mobile communication devices, and sell various related software, services, peripherals, and networking solutions. The company sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers. In addition, it sells various third-party Macintosh, iPod, and iPhone compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores, and digital content through the iTunes Store. The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative customers. As of December 27, 2008, it had 251 retail stores. Apple Inc., formerly known as Apple Computer, Inc., was founded in 1976. The company is headquartered in Cupertino, California.
Delta Air Lines, Inc. (NYSE: DAL) provides scheduled air transportation for passengers and cargo in the United States and internationally. As of December 31, 2008, it offered services to 378 worldwide destinations in 66 countries. The company was founded in 1924 and is based in Atlanta, Georgia.
Hudson City Bancorp, Inc. (NASDAQ: HCBK) operates as the bank holding company for Hudson City Savings Bank that provides a range of retail banking services in the states of New Jersey, New York, and Connecticut. It offers a range of deposit accounts, including passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, as well as IRA accounts and qualified retirement plans. The companya�s loan portfolio primarily comprises one-to four-family residential first mortgage loans; multi-family and commercial mortgage loans; construction loans; and consumer loans, such as fixed-rate second mortgage loans and home equity credit line loans, as well as collateralized passbook loans, overdraft protection loans, and secured and unsecured commercial lines of credit. As of December 31, 2008, it operated 93 branches located in 9 counties throughout the State of New Jersey; 9 branch offices in Westchester County, 9 branch offices in Suffolk County, 1 branch office each in Putnam and Rockland Counties, and 5 branch offices in Richmond County located in New York; and 9 branch offices in Fairfield County, Connecticut. The company was founded in 1868 and is based in Paramus, New Jersey.
Starbucks Corporation engages in the purchase, roasting, and sale of whole bean coffees worldwide. It offers brewed coffees, Italian-style espresso beverages, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs, through its retail stores. The company also sells and licenses its trademark through other channels. In addition, Starbucks Corporation produces and sells ready-to-drink beverages, which include bottled beverages and espresso drinks, and a line of ice creams. Its brand portfolio includes superpremium Tazo teas, Starbucks Hear Music compact discs, Seattlea�s Best Coffee, and Torrefazione Italia coffee. As of September 30, 2007, the company operated 8,505 retail stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington.
Nabors Industries Ltd. (NYSE: NBR) operates as a land drilling contractor worldwide. It conducts oil, gas, and geothermal land drilling operations in the United States, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, the Russian Federation, and Africa. The company also operates as a land well-servicing and workover contractor in the United States and Canada. In addition, Nabors Industries provides offshore platform workover and drilling rigs that offer well-servicing, workover, and drilling services. Further, the company offers a range of ancillary well-site services, including engineering, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection, and other support services; and logistics services for onshore drilling in Canada using helicopters and fixed-winged aircraft. Additionally, it manufactures and leases or sells top drives for a range of drilling applications, directional drilling systems, rig instrumentation and data collection equipment, pipeline handling equipment, and rig reporting software. Nabors Industries also invests in oil and gas exploration, development, and production activities. As of December 31, 2008, its fleet consisted of approximately 528 land drilling rigs, 592 domestic and 171 international land workover and well-servicing rigs, 37 offshore platform rigs, 13 jack-up units, and 3 barge rigs, as well as various trucks and fluid hauling vehicles. The company was founded in 1968 and is based in Hamilton, Bermuda.
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