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AMD, RSH, NOV, IO, X, POT With Highest Daily Short Volume On NYSE Monday

^{Published on 2009-10-26 18:02:07, Last Modified on 2010-12-22 17:21:18 - WOPRAI}
 

October 27, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Monday, October 26th, 2009 and come to the following statistical conclusions. There were 6,488 stocks with daily short volume reported and total NYSE trading volume of 1,335,585,795 shares. Total Daily Short Volume was 665,266,250 shares. 49.8% of all trading on the NYSE Monday was short selling. The chart below highlights 6 stocks that had the highest daily short volume on Monday. Advanced Micro Devices (NYSE: AMD), RadioShack (NYSE: RSH), National Oilwell Varco (NYSE: NOV), ION Geophysical (NYSE: IO), United States Steel (NYSE: X) and Potash Corp (NYSE: POT). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Date Symbol Short Volume Total Volume Market Percent

20091026 AMD 1,510,350 2,876,912 P 52.50%

20091026 RSH 1,248,666 2,165,743 P 57.66%

20091026 NOV 1,138,174 2,467,403 P 46.13%

20091026 IO 1,075,261 2,251,633 P 47.75%

20091026 X 998,657 1,668,616 P 59.85%

20091026 POT 955,013 1,563,919 P 61.07%

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.

Advanced Micro Devices (NYSE: AMD) is an innovative technology company dedicated to collaborating with customers and technology partners to ignite the next generation of computing and graphics solutions at work, home and play. For more information, visit http://www.amd.com.

RadioShack Corporation (NYSE: RSH) engages in the retail sale of consumer electronic goods and services, through its RadioShack store chain and non-RadioShack branded kiosk operations, in the United States and internationally. Its products include wireless telephones and communication devices, such as scanners and global positioning satellite navigation units; flat panel televisions, residential telephones, DVD players, computers, and direct-to-home (DTH) satellite systems; home entertainment, wireless, imaging, and computer accessories; general and special purpose batteries; wire, cable, and connectivity products; and digital cameras, radio-controlled cars and other toys, satellite radios, and memory players. The company also provides consumers access to third-party services, such as wireless telephone and DTH satellite activation, satellite radio service, prepaid wireless airtime, and extended service plans. In addition, it manufactures various products, including telephony, antennas, wire, and cable products, as well as hard-to-find parts and accessories for consumer electronics products. As of December 31, 2008, the company operated 4,453 RadioShack company-operated stores located in the United States, as well as in Puerto Rico and the U.S. Virgin Islands; 688 kiosks situated in the United States and Puerto Rico; 8 RadioShack service centers in the United States and 1 in Puerto Rico; and a network of 1,394 RadioShack dealer outlets. It also operated 200 stores under the RadioShack brand and 14 dealer outlets in Mexico. Further, the company sells its products through its Web site, RadioShack.com. RadioShack Corporation was founded in 1899 and is headquartered in Fort Worth, Texas.

National Oilwell Varco, Inc. (NYSE: NOV) designs, constructs, manufactures, and sells systems, components, and products used in oil and gas drilling and production; provides oilfield services and supplies; and distributes products, and provides supply chain integration services to the upstream oil and gas industry worldwide. The company operates in three business segments: Rig Technology, Petroleum Services & Supplies, and Distribution Services. The Rig Technology segment offers offshore and onshore drilling rigs; derricks; pipe lifting, racking, rotating, and assembly systems; rig instrumentation systems; coiled tubing equipment and pressure pumping units; well workover rigs; wireline winches; and cranes. The Petroleum Services & Supplies segment manufactures, rents, and sells consumable goods for use in drilling operations, including drill pipe, wired drill pipe, transfer pumps, solids control systems, drilling motors, drill bits, reamers and other down hole tools, and mud pump consumables. This segment also provides oilfield tubular services comprising the provision of inspection and internal coating services; equipment for drill pipe, line pipe, tubing, casing, and pipelines; and coiled tubing pipes and composite pipes. The Distribution Services segment sells maintenance, repair and operating supplies, and spare parts to drill site and production locations. National Oilwell Varco serves drilling contractors, shipyards and other rig fabricators, well servicing companies, national oil companies, independent oil and gas companies, supply stores, and pipe-running service providers. It has a joint venture agreement with Schlumberger Limited to provide high speed drill string telemetry systems. The company was founded in 1862 and is based in Houston, Texas.

ION Geophysical Corporation (NYSE: IO) provides advanced seismic data acquisition equipment, software, planning, processing, and interpretation services to the energy industry worldwide. It operates in four segments: Land Imaging Systems, Marine Imaging Systems, Data Management Solutions, and ION Solutions. The Land Imaging Systems segment offers cable-based, cableless, and radio-controlled seismic data acquisition systems, digital and analog geophone sensors, vibroseis vehicles, and source controllers for detonator and vibrator energy sources. The Marine Imaging Systems segment provides towed streamer and redeployable ocean bottom cable seismic data acquisition systems and shipboard recorders, streamer positioning and control systems, and air guns and air gun controllers. The Data Management Solutions segment offers software systems and services for towed marine streamer and seabed operations. It provides Orca for towed streamer navigation and integrated data management applications; SPECTRA, a navigation and survey control software system for seismic survey operations; GATOR software system for ocean bottom cable and transition zone operations; consulting services for planning, designing, and supervising of 4-D and WATS survey operations; and post-survey analysis tools, including SPRINT navigation processing and quality control software for marine geophysical surveys, and REFLEX software for navigation and seismic data analysis. The ION Solutions segment offers seismic data processing and imaging services for marine and land environments, and a seismic data library, as well as integrated seismic solution services to manage the seismic process, such as survey planning and design, data acquisition and management, and pre-processing and final subsurface imaging. The company was formerly known as Input/Output, Inc. and changed its name to ION Geophysical Corporation in September 2007. ION Geophysical Corporation was founded in 1968 and is headquartered in Houston, Texas.

United States Steel Corporation (NYSE: X), through its subsidiaries, engages in the production and sale of steel products primarily in North America and Europe. The company operates through three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-rolled Products segment offers slabs, sheets, tin mill products, and strip mill plates and rounds. This segment serves service center, conversion, transportation, construction, container, and appliance and electrical markets in North America. It also produces iron ore pellets and coke. The USSE segment offers sheet, strip mill plate, tin mill and tubular products, and heating radiators and refractories in Europe. This segment serves construction, service center, conversion, container, transportation, appliance and electrical, oil and gas, and petrochemical industries. The Tabular Products segment offers seamless and electric resistance welded tubular products to oil and gas and petrochemical industries. United States Steel also provides transportation services, including railroad and barge operations; and engineering and consulting services to mining and mineral industries. The company also owns, develops, and manages various real estate assets, which include approximately 200,000 acres of surface rights primarily in Alabama, Illinois, Maryland, Michigan, Minnesota, and Pennsylvania. It also holds joint venture interest in various developing real estate projects in Alabama and Maryland; and owns approximately 4,000 acres of land in Ontario, Canada. United States Steel was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

Potash Corporation of Saskatchewan Inc. (NYSE: POT) engages in the production and sale of fertilizers, and related industrial and feed products in North America. The company manufactures and sells solid and liquid phosphate fertilizers; animal feed supplements; and industrial acid, which is used in food products and industrial processes. It also produces nitrogen fertilizers, as well as nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. Potash Corporationa�s primary customers for fertilizer products include retailers, dealers, cooperatives, distributors, and other fertilizer producers. In addition, the company produces potash from six mines in Saskatchewan and one mine in New Brunswick. It sells purified phosphoric acid directly to consumers of the product. The company was founded in 1953 and is based in Saskatoon, Canada.

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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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