















Move Inc. (MOVE) Daily Short Sale Trading Volume Through 11-6-09. Over 7 Million Shares Shorted in Past 3 Months.
Published in Stocks and Investing on Monday, November 9th 2009 at 7:32 GMT, Last Modified on 2010-12-22 17:28:30 by WOPRAI

November 9, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Friday, November 6, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in Move, Inc. (NASDAQ: MOVE) for August through November 6th, 2009. Over 7 million shares have been shorted since August 3, 2009. MOVE has dropped from $3.18 to $1.65 since September 18, 2009. MOVE management and shareholders should contact tom@buyins.net immediately to discuss solutions to the short selling problem in its shares. For access to real-time, daily and monthly short sale trading statistics along with technologies designed to protect your investments from abusive, manipulative or illegal trading, go to http://www.buyins.net .
Date Short Volume Total Volume Percent
11/6/2009 890,401 3,459,300 25.74%
11/5/2009 161,424 1,105,100 14.61%
11/4/2009 51,491 595,300 8.65%
11/3/2009 146,844 771,900 19.02%
11/2/2009 69,046 512,300 13.48%
10/30/2009 371,841 2,263,200 16.43%
10/29/2009 68,775 403,000 17.07%
10/28/2009 106,376 859,800 12.37%
10/27/2009 58,810 274,100 21.46%
10/26/2009 56,841 471,700 12.05%
10/23/2009 51,386 473,100 10.86%
10/22/2009 50,140 514,800 9.74%
10/21/2009 120,054 742,700 16.16%
10/20/2009 36,900 326,300 11.31%
10/19/2009 60,636 391,000 15.51%
10/16/2009 77,599 350,800 22.12%
10/15/2009 37,744 232,200 16.25%
10/14/2009 85,196 328,000 25.97%
10/13/2009 68,588 202,200 33.92%
10/12/2009 131,385 420,800 31.22%
10/9/2009 87,520 255,400 34.27%
10/8/2009 84,647 573,000 14.77%
10/7/2009 46,116 125,800 36.66%
10/6/2009 44,386 272,900 16.26%
10/5/2009 40,496 312,900 12.94%
10/2/2009 78,909 428,900 18.40%
10/1/2009 76,057 655,300 11.61%
Total 7,076,484 37,016,467 19.12%
* Daily Short Volume chart has been truncated for viewing purposes. Totals include short volumes starting August 3, 2009 and through yesterdays close.
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 exchanges 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.
Move, Inc. (NASDAQ: MOVE), together with its subsidiaries, operates online network of Web sites for real estate search, finance, and moving and home enthusiasts. It operates in two segments, Real Estate Services and Consumer Media. The companya�s Real Estate Services segment provides various advertising and software services, including enhanced listings, display advertising, customer relationship management applications, and Web site development and hosting. Its products include REALTOR.com that offers a suite of services, tools, and content of the residential real estate transactions; Top Producer, a customer relationship management software designed for real estate agents; and Move New Homes and Move Rentals, which provide showcase listings and featured listings. Its Consumer Media segment provides advertising products and lead generation tools, including display, text-link, and rich media advertising positions; directory products; price quote tools and content sponsorships on its Move.com and other related Web sites; and lead generation products for professional moving, truck rental, and self-storage businesses on its Moving.com Web site. The company has a joint venture agreement with Builder Homesite Inc. to provide new home builders with online marketing solutions, including a network new home Web sites and customer service and support. The company was formerly known as Homestore, Inc. and changed its name to Move, Inc. in 2006. Move, Inc. was founded in 1993 and is headquartered in Westlake Village, California.
BUYINS.NET, www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:
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