N@N

51.91% Of All NASDAQ Trading Friday Was Short Selling. PLLL, FRGB, FSNM, PSTA, EFJI, HLND Highest % Of Daily Trading Volume Sh

^{Published on 2009-10-25 14:48:57, Last Modified on 2010-12-22 17:15:46 - WOPRAI}
 

October 26, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Friday, October 23rd, 2009 and come to the following statistical conclusions. There were 6,667 stocks with daily short volume reported and total NASDAQ trading volume of 1,927,700,586 shares. Total Daily Short Volume was 1,000,729,142 shares. 51.91% of all trading on the NASDAQ 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. Parallel Petroleum (NASDAQ: PLLL), First Regional Bancorp (NASDAQ: FRGB), First State Bancorp (NASDAQ: FSNM), Monterey Gourment Foods (NASDAQ: PSTA), EF Johnson Technologies (NASDAQ: EFJI) and Hiland Partners (NASDAQ: HLND). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20091023 PLLL 58,126 59,896 Q 97.04%

20091023 FRGB 51,722 53,898 Q 95.96%

20091023 FSNM 39,000 43,530 Q 89.59%

20091023 PSTA 77,002 86,702 Q 88.81%

20091023 EFJI 25,766 29,713 Q 86.72%

20091023 HLND 38,816 45,591 Q 85.14%

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.

Parallel Petroleum Corporation (NASDAQ: PLLL) engages in the acquisition, development, and exploration of oil and natural gas reserves in Texas and New Mexico. Its operations are primarily located in the Permian Basin of west Texas and New Mexico, the Fort Worth Basin of north Texas, and the onshore Gulf Coast area of south Texas. The companya�s principal natural gas projects include the Barnett Shale gas project in Tarrant County, Texas; and Wolfcamp gas project in Eddy and Chavez counties, New Mexico. It also owns interests in producing properties in the Permian Basin of west Texas, which include Diamond M Canyon Reef Unit & Shallow Leases in Scurry County, Texas; the Carm-Ann San Andres Field and Harris San Andres Field in Andrews and Gaines Counties in Texas; and the Fullerton San Andres Field in Andrews County, Texas. In addition, Parallel Petroleum focuses on the Yegua/Frio/Wilcox and Cook Mountain gas projects located in Jackson, Wharton, and Liberty counties, Texas; East Texas Cotton Valley Reef Gas Project in Leon, Freestone, and Anderson Counties, Texas; and Utah/Colorado conventional oil & gas and heavy oil sands projects in Uinta Basin. As of December 31, 2008, the company had total proved reserves of approximately 21.2 MMBbls of oil and approximately 71.8 Bcf natural gas. Parallel Petroleum was founded in 1979 and is based in Midland, Texas. As of October 23, 2009, Parallel Petroleum Corp. was taken private.

First Regional Bancorp (NASDAQ: FRGB) operates as the bank holding company for First Regional Bank, which provides various banking products and services to businesses and professionals in California. The companya�s deposit product line comprises non-interest bearing demand deposits, savings and NOW accounts, money market accounts, time deposits, and certificates of deposits. Its loan product portfolio includes commercial, real estate, and real estate construction loans; government guaranteed loans; and commercial loans for commercial and industrial borrowers, such as equipment financing, as well as short-term loans. The company also offers telephone transfers, wire transfers, and travelers checks; and credit card deposit and clearing services for retailers and other businesses that accept credit cards. In addition, it provides administrative services for self directed retirement plans, as well as offers trust services for investment agency accounts, IRA rollovers, and various forms of court-related matters. First Regional Bancorp has regional offices located in the California cities of Irvine, Glendale, Santa Monica, Torrance, Encino, Hollywood, Downtown Los Angeles, Anaheim, and Westlake Village. The company was founded in 1979 and is headquartered in Los Angeles, California.

First State Bancorporation (NASDAQ: FSNM) operates as the holding company for First Community Bank, which provides commercial banking services to businesses, individuals, and local governments in the United States. It offers a range of financial services, such as checking accounts, online banking, short and medium term loans, revolving credit facilities, inventory and accounts receivable financing, equipment financing, residential and commercial construction lending, residential mortgage loans, various savings programs, installment and personal loans, and safe deposit services. The company also provides conventional commercial loans to established commercial businesses. As of July 1, 2009, it operated 40 branches located in New Mexico and Arizona. The company was founded in 1922 and is based in Albuquerque, New Mexico.

Monterey Gourmet Foods, Inc. (NASDAQ: PSTA), together with its subsidiaries, engages in the production, distribution, and marketing of refrigerated gourmet food products in the United States, Canada, the Caribbean, Latin America, and the Asia Pacific. The company produces and markets a range of gourmet refrigerated pastas, including borsellini, ravioli, tortelloni, tortellini, pasta sauces, salsas, bruschettas, dips, hummus, spreads, Sonoma Jack cheeses, tamales, meals and meal solutions, and polenta primarily under the Monterey Gourmet Foods, Monterey Pasta, Arthura�s, CIBO Naturals, Emerald Valley Kitchen, Isabellaa�s Kitchen, Sonoma Cheese, and Casual Gourmet brands, as well as private labels. It markets its products through grocery and club stores. The company was founded in 1989 and is headquartered in Salinas, California.

EF Johnson Technologies, Inc. (NASDAQ: EFJI) engages in the design, development, marketing, and support of wireless radios, and wireless communications infrastructure and systems for digital and analog platforms. It also offers secure wireless networking solutions that include Wi-Fi products, mesh networking, access points, bridges, and client infrastructure products, as well as security software and custom solutions; and encryption technologies for wireless voice, video, and data communications. The company provides sensor network solutions, through its InfoMatics middleware, which enables sensors and databases to communicate data to pertinent personnel for command and control applications. Its customers include public safety/public service entities; federal, state, and local governmental agencies, including the Departments of Homeland Security and Defense; and commercial customers. The company sells its products and systems through direct sales force, dealers, manufacturing representatives, and distributors. EF Johnson Technologies has operations in North America, Europe, the Middle East, Asia, and Central and Latin America. The company was formerly known as EFJ, Inc. and changed its name to EF Johnson Technologies, Inc. in May 2008. EF Johnson Technologies was founded in 1978 and is based in Irving, Texas.

Hiland Partners, LP (NASDAQ: HLND) engages in purchasing, gathering, compressing, dehydrating, treating, processing, and marketing natural gas, as well as in fractionating or separating, and marketing natural gas liquids (NGLs). It operates in two segments, Midstream and Compression. The Midstream segment operations consist of gathering and compressing natural gas to facilitate its transportation to its processing plants, third party pipelines, utilities, and other consumers; dehydrating natural gas to remove water from the natural gas stream to meet pipeline quality specifications; treating natural gas to remove or reduce impurities, such as carbon dioxide, nitrogen, hydrogen sulfide, and other contaminants; processing natural gas to extract NGLs and selling the resulting residue natural gas; and fractionating a portion of its NGLs into a mix of NGL products, including propane, butanes, and natural gasoline, as well as selling these NGL products to third parties. The Compression segment provides air and water compression services to an exploration and production company for use in its oil and gas secondary recovery operations under a contract. As of December 31, 2008, the company had 14 natural gas gathering systems with approximately 2,111 miles of gas gathering pipelines, 5 natural gas processing plants, 7 natural gas treating facilities, and 3 NGL fractionation facilities, as well as 2 air compression facilities, and 1 water injection plant. It primarily operates in the Mid-Continent and Rocky Mountain regions of the United States. Hiland Partners GP, LLC serves as the general partner of Hiland Partners, LP. The company was founded in 1990 and is based in Enid, Oklahoma.

About BUYINS.NET

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.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Occassionally companies or third parties pay $995 per month to purchase data for information provided in monthly reports. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

BUYINS.NET and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.NET, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor. By visiting BUYINS.NET or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. BUYINS.NET, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to BUYINS.NET and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State. Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. BUYINS.NET does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. BUYINS.NET places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.

Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

Contact: Thomas Ronk, CEO www.BUYINS.net +1-800-715-9999 Tom@buyins.net