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PrivateBancorp (PVTB) Daily Short Sale Trading Volume Through 11-13-09. Over 20 Million Shares Shorted in Past 3 Months.

^{Published on 2009-11-15 16:31:15, Last Modified on 2010-12-22 17:31:59 - WOPRAI}
 

November 16, 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 13, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in PrivateBancorp (NASDAQ: PVTB) for August through November 13th, 2009. Over 20 million shares have been shorted since August 3, 2009. PVTB has dropped from $29.11 to $10.71 since August 10, 2009. There has been a $875 million drop in market cap in the past 3 months ($18.40 decline on 47.57 million shares outstanding). PVTB 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

11/13/2009 469,574 2,115,400 22.20%

11/12/2009 1,179,645 7,064,300 16.70%

11/11/2009 419,749 2,667,900 15.73%

11/10/2009 781,379 3,372,800 23.17%

11/9/2009 516,455 2,780,200 18.58%

11/6/2009 703,895 3,766,800 18.69%

11/5/2009 474,075 2,633,700 18.00%

11/4/2009 673,562 3,105,600 21.69%

11/3/2009 584,262 2,997,100 19.49%

11/2/2009 733,729 3,118,500 23.53%

10/30/2009 646,983 4,579,800 14.13%

10/29/2009 1,625,302 7,836,100 20.74%

10/28/2009 2,807,875 20,411,200 13.76%

10/27/2009 1,245,653 10,464,700 11.90%

10/26/2009 1,303,438 8,256,900 15.79%

10/23/2009 191,925 1,419,300 13.52%

10/22/2009 173,016 872,900 19.82%

10/21/2009 301,405 1,237,000 24.37%

10/20/2009 95,190 907,400 10.49%

10/19/2009 230,891 1,085,800 21.26%

10/16/2009 85,280 375,200 22.73%

10/15/2009 52,119 380,800 13.69%

10/14/2009 120,964 354,500 34.12%

10/13/2009 90,016 235,200 38.27%

10/12/2009 80,621 212,700 37.90%

10/9/2009 58,479 253,600 23.06%

10/8/2009 64,062 324,400 19.75%

10/7/2009 37,661 167,100 22.54%

10/6/2009 60,650 223,600 27.12%

10/5/2009 105,329 330,900 31.83%

10/2/2009 144,115 466,000 30.93%

10/1/2009 97,481 507,200 19.22%

Total 20,509,451 109,205,081 18.78%

* 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.

PrivateBancorp, Inc. (NASDAQ: PVTB), through its subsidiaries, provides various business and personal financial services to middle-market commercial and commercial real estate companies, business owners, executives, entrepreneurs, and wealthy families in the United States. It primarily engages in generating deposits and originating loans. The companya�s commercial banking services include lines of credit for working capital, term loans for equipment and other investment purposes, and letters of credit; treasury management services, including a suite of collection, disbursement, information reporting, and investment products; and capital markets products, such as interest rate protection, derivatives, options, and foreign exchange. It also offers real estate lending services, including permanent and interim mortgages to businesses and individuals to finance various owner-occupied properties and investment properties, such as apartment buildings, office buildings, and shopping centers, as well as provides commercial, commercial real estate, construction and residential real estate, and personal loans. In addition, PrivateBancorp offers private banking services to business owners, self-employed, professionals, professional athletes, and other individuals and families. Further, the company offers wealth management services comprising investment management, personal trust, guardianship and estate administration, custody, retirement accounts, and brokerage services. As of December 31, 2008, it operated 23 offices in Atlanta, Chicago, Cleveland, Denver, Des Moines, Detroit, Kansas City, Milwaukee, Minneapolis, and St. Louis metropolitan areas. The company was founded in 1989 and is based in Chicago, Illinois.

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:

REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO

INVESTMENTS & TRADING

SqueezeTrigger -- 25 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.

GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.

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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 2,750,000,000 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 months 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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