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EBAY, BRCD, ETFC, SCHW, CTXS, NVLS With Highest Daily Short Volume On NASDAQ Thursday

^{Published on 2009-10-22 17:04:58, Last Modified on 2010-12-22 17:17:06 - WOPRAI}
 

October 23, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Thursday, October 22nd, 2009 and come to the following statistical conclusions. There were 6,776 stocks with daily short volume reported and total NASDAQ trading volume of 1,936,012,130 shares. Total Daily Short Volume was 985,297,805 shares. 50.89% of all trading on the NASDAQ Thursday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. eBay (NASDAQ: EBAY), Brocade Communications (NASDAQ: BRCD), eTrade Financial (NASDAQ: ETFC), Charles Schwab (NASDAQ: SCHW), Citrix Systems (NASDAQ: CTXS) and Novellus Systems (NASDAQ: NVLS). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20091022 EBAY 10,420,946 18,970,274 Q 54.93%

20091022 BRCD 3,737,742 6,721,356 Q 55.61%

20091022 ETFC 3,665,390 5,885,640 Q 62.28%

20091022 SCHW 1,898,219 3,890,262 Q 48.79%

20091022 CTXS 1,812,694 3,666,791 Q 49.44%

20091022 NVLS 1,791,812 2,915,770 Q 61.45%

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.

eBay Inc. (NASDAQ: EBAY) and its subsidiaries provide online marketplaces for the sale of goods and services, online payments services, and online communication offerings to individuals and businesses in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Communications. The Marketplaces segment provides online commerce platforms that enable buyers and sellers to interact and trade with one another. It enables online commerce through various platforms, including the traditional eBay.com platform and other online platforms, such as StubHub, Kijiji, Den Bla Avis, Gumtree.com, LoQUo.com, OpusForum, Marktplaats.nl, and mobile.de, as well as Half.com, Rent.com, and Shopping.com. This segment also provides various services, including feedback forum, safe harbor program, verified rights owner program, loyalty programs, customer support, and tools and services. The Payments segment offers PayPal, a payments platform that enables individuals or businesses with an email address to send and receive payments online. Its services include joining the network, verification of its PayPala�s account holders, withdrawing money, and trust and safety programs, including PayPala�s seller protection and buyer protection programs. This segment also provides Bill Me Later, a payment solution, which offers transactional credit at the point of sale for the U.S. online consumers. The Communications segment consists of Skype, an Internet communication product, which enables voice over Internet protocol communications between Skype users, as well as provides Skype users connectivity to traditional fixed-line and mobile telephones. This segment offers its software in approximately 28 languages. The company was founded in 1995 and is headquartered in San Jose, California.

Brocade Communications Systems, Inc. (NASDAQ: BRCD) engages in the supply of storage area network equipment and provision of data center networking solutions. It offers infrastructure products and solutions, including directors, switches, routers, fabric-based software applications, and distance/extension products, management applications, and utilities, as well as host bus adapters and storage area network (SAN) switch modules, and embedded switches that assist companies in the development and delivery of storage and server consolidation, disaster recovery, data warehousing, data security, and in meeting compliance issues regarding data management. The company also offers fabric operating system that provides the infrastructure for deploying SANs, as well as provides management tools that enable end-users to manage and administer its SANs; and server connectivity solutions. In addition, Brocade Communications Systems offers various file data management solutions, including Brocade StorageX, an integrated suite of applications designed to logically aggregate distributed file data across heterogeneous environments, providing administrators with policies to manage and automate distributed file data; and Brocade File Management Engine that utilizes a technology for true open file migration, thereby simplifying file management and enabling organizations to virtualize their files and manage resources. Further, the company offers a range of professional and support services to facilitate customer projects; to assist customers in the design, implementation, and operation of SAN; and to provide customer support. It offers its products and services to end-user customers directly and through various distribution partners, including original equipment manufacturers, distributors, systems integrators, and value-added resellers in the United States, western Europe, and the greater Asia Pacific region. The company was founded in 1995 and is headquartered in San Jose, California.

ETRADE Financial Corporation (NASDAQ: ETFC), through its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors, under the brand name of ETRADE Financial worldwide. It offers various brokerage products and services, including automated order placement and execution of the U.S. and international equities, currencies, futures, options, exchange-traded funds, mutual funds, and bonds. The company also provides quick transfer, wireless account access, extended hours trading, quotes, research, and advanced planning tools. Its banking products and services include checking, savings, sweep, money market, and certificates of deposit products. ETRADE Financial primarily provides its services through its Web site at etrade.com, as well as through its network of customer service representatives, relationship managers, and investment advisors. The company was founded in 1982 and is based in New York, New York.

The Charles Schwab Corporation (NASDAQ: SCHW) provides securities brokerage, banking, and related financial services to individual, institutional, and corporate clients. The companya�s Investor Services segment offers retail brokerage and banking services to individual investors. It provides research, analytic tools, performance reports, market analysis, and educational material. The Charles Schwaba�s Advisor Services segment provides custodial, trading, technology, practice management, trust asset, and other support services to independent investment advisors through sales force and service team. The companya�s Corporate and Retirement Services segment offers retirement plan services, plan administrator services, advice services, education, stock plan services, and mutual fund clearing services; and supports the availability of Schwab proprietary mutual funds on third-party platforms. The Charles Schwab Corporationa�s product line comprises various asset management accounts, including some with check-writing features, debit card, and bill pay; individual retirement accounts; retirement plans for small to large businesses; 529 college savings accounts; separately managed accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, as well as access to fixed income securities and equity and debt offerings. It also offers first mortgages, home equity lines of credit, pledged-asset loans, certificates of deposit, demand deposit accounts, high-yield investor checking accounts linked to brokerage accounts, and credit cards; trust custody services, personal trust reporting services, and administrative trustee services; and third-party mutual funds, and mutual fund trading and clearing services to broker-dealers. The company was founded in 1971 and is headquartered in San Francisco, California.

Citrix Systems, Inc. (NASDAQ: CTXS) designs, develops, and markets application delivery infrastructure solutions worldwide. Its products include XenApp that runs the business logic of applications on a central server, transmitting screen pixels, keystrokes, and mouse movements; XenServer, an enterprise-class platform for managing server virtualization in the datacenter as a pool of computing and storage resources; and Essentials for XenServer and Hyper-V, which provides virtualization management systems, lab automation, high availability, provisioning, workflow orchestration, and seamless integration. The companya�s products also comprise XenDesktop, an integrated desktop delivery system; NetScaler, a Web application delivery and traffic management product; Access Gateway, a line of universal SSL/VPN appliances; and Repeater that provides high-performance application delivery to branch office users. In addition, Citrix Systemsa� products consist of EdgeSight, Password Manager, Provisioning Server, Application Firewall, Easy Call, and Access Essentials. Citrix Systems also offers online services, including GoToMyPC, which provides remote access to Windows PC desktops; GoToMeeting, an online solution for online meetings, training sessions, and collaborative gatherings; GoToAssist that enables organizations to provide support over the Internet; and GoToWebinar, a solution to conduct online events. In addition, it provides a portfolio of services, such as consulting, technical support, and product training and certification services. The company markets and licenses its products through value-added resellers, channel distributors, system integrators, independent software vendors, and original equipment manufacturers, as well as through Websites. Citrix Systems was founded in 1989 and is headquartered in Fort Lauderdale, Florida.

Novellus Systems, Inc. (NASDAQ: NVLS) develops, manufactures, sells, and supports equipment used in the fabrication of integrated circuits or semiconductors. It operates in two groups, Semiconductor Group and Industrial Applications Group. The Semiconductor Group manufactures and supplies thin film deposition, surface preparation, and chemical mechanical planarization systems used in the fabrication of integrated circuits. Its products include deposition systems used in chemical vapor deposition (CVD), physical vapor deposition (PVD), and electrochemical deposition (ECD) processes to form the interconnects in an integrated circuit; and high-density plasma CVD and plasma-enhanced CVD systems employed in chemical plasma to deposit dielectric material within the gaps formed by the etching of aluminum, or as a blanket film which can be etched with patterns for depositing conductive materials into the etched dielectric. The Semiconductor Group also offers CVD tungsten systems that are used to deposit small tungsten conductive lines or plugs between layers of metal; and PVD systems, which deposit conductive aluminum and copper metal layers by sputtering metal atoms from the surface of a target source, as well as offers Electrofill ECD systems that deposit copper to form the conductive wiring on integrated circuits using copper interconnects. Industrial Applications Group develops, manufactures, sells, and supports grinding, lapping, and polishing equipment for various industrial applications. It serves manufacturers in automotive, aircraft, and electronic products, parts, and components sectors; glass and ceramics industries; and manufacturers of pumps, transmissions, compressors, and bearings. Novellus Systems sells its products through direct sales force and manufacturera�s representatives in Europe, the United States, Korea, Japan, China, Taiwan, and Southeast Asia. The company was founded in 1984 and is headquartered in San Jose, 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'a"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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